BlackRock Develops Bitcoin ETF With Lower Custody Costs

BlackRock is developing a bitcoin exchange-traded fund aimed at investors who cannot tolerate market volatility. Reports indicate that the fees the firm charges for custodying bitcoin are $1,250 per year lower than those of the GBTC fund.

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• The proposed fund is aimed at investors who cannot withstand market volatility.

  «BlackRock Is Building a Bitcoin ETF for Investors Who Can't Stomach the Swings»

  The Globe and Mail
• BlackRock charges $1,250 less per year to custody the same amount of bitcoin compared with the GBTC fund.

  «Forget GBTC. BlackRock Charges $1,250 Less a Year to Hold the Same Bitcoin on $100,000»

  Yahoo Finance

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