Breaking: Franklin Templeton Breaks Records With Lowest Bitcoin ETF Fee

In a groundbreaking move, the Spot Bitcoin ETF issuer Franklin Templeton reduced its sponsor fee, setting the record for the lowest fee among its competitors. The filing, dated January 12, suggests that the firm has decided to lower its annual Bitcoin ETF fee from 0.29% to 0.19%.

Franklin Templeton Files For Record-low Fee

In the filing where the firm proposed a reduction of 10 basis points in the sponsor’s fee, it reiterated the fee waiver for the next six months. It noted that from January 12 through August 2 this year, ‘zero’ charges would be applicable on the ETF for the first $10 billion of the fund’s assets. The fee cut positions Franklin Templeton as one of the strongest competitors for major players, such as Grayscale, BlackRock, and ARK 21 Shares.

Earlier, Bitwise was the one that offered the cheapest fee of 0.20%, applicable after the initial six-month waiver. Moreover, ARK 21Shares and Fidelity also offer a lucrative fee of 0.25%. Whilst, Grayscale stands with the highest sponsor fee of 1.5%, down from the 2% proposed earlier.

Also Read: Spot Bitcoin ETFs Debut with Over $4 Billion Trading

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