VanEck is cutting their Bitcoin ETF fees to zero*twitter.com/vaneck_us/status/1767227350108794991
392 sats \ 12 comments \ @kr 11 Mar bitcoin
pretty cool to see all the ETFs bending over backwards to please Bitcoin holders and potential investors by undercutting each other on fees to zero.
will be interesting to see how sensitive ETF investors actually are to management fees.
also, i wouldn’t be shocked if someone jumped in and set their management fees to a small negative number for a period of time.
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102 sats \ 1 reply \ @wealthcrumb 11 Mar
When are these fees paid anyway? I have no idea
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1 sat \ 0 replies \ @kr OP 12 Mar
i believe they are paid each day
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70 sats \ 0 replies \ @ch0k1 11 Mar
FOMO is kicking everyone hard!
I can't imagine what mess it would be after the halving 🚀🌕
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69 sats \ 1 reply \ @oliverweiss 11 Mar
This is how competition looks like in the free market.
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0 sats \ 0 replies \ @kr OP 12 Mar
love to see it!
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69 sats \ 2 replies \ @bzzzt 11 Mar freebie
getting paid to hold a security will be a wild turn of events. must be a valuable underlying asset i guess 😅
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25 sats \ 1 reply \ @02bcd3eeb0 12 Mar
No different than a bank paying interest for lending them money. Those ETF coins will end up as collateral for all kinds of ridiculous derivative contracts I'm sure.
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0 sats \ 0 replies \ @bzzzt 12 Mar freebie
thats for damn sure
0 sats \ 0 replies \ @DudeJLebowski 12 Mar
Too late, Blackrock has a significant advantage now.
Most people will simply look at the biggest ETF and ape into that one.
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0 sats \ 0 replies \ @0xIlmari 12 Mar
Next step after cutting fees to zero is offering yield... oh, wait...
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0 sats \ 0 replies \ @nitter 11 Mar
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0 sats \ 0 replies \ @SaToSHiWoMaN 12 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.