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Fidelity Cuts Bitcoin ETF Fees Amid Surge in Adoption

1/14/2025

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Summary

Story summary

Fidelity Investments Canada lowered the management fee of its Bitcoin ETF to 0.32%, effective January 13, 2025.
The ETF's assets under management have grown to $11.7 billion since its 2018 launch.
BlackRock introduced its iShares Bitcoin ETF on Cboe Canada, enhancing crypto access for investors.
Both ETFs offer tax advantages and address custody issues, attracting younger investors amid inflation.
Bitcoin adoption is surging, reaching 300 million users quicker than earlier technologies like the internet.

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Story summary

Fidelity Investments Canada lowered the management fee of its Bitcoin ETF to 0.32%, effective January 13, 2025.
The ETF's assets under management have grown to $11.7 billion since its 2018 launch.
BlackRock introduced its iShares Bitcoin ETF on Cboe Canada, enhancing crypto access for investors.
Both ETFs offer tax advantages and address custody issues, attracting younger investors amid inflation.
Bitcoin adoption is surging, reaching 300 million users quicker than earlier technologies like the internet.