- ARK Invest President Tom Staudt has expressed persistent optimism about the pricing decisions for Bitcoin
ETFs proposed by his company and partner 21Shares.
- ARK Invest is set to introduce a Bitcoin ETF in collaboration with partner 21Shares with a competitive fee rate of 21 basis points.
- Staudt foresees that beyond immediate cost concerns, competition will act as a catalyst for long-term affordability.
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ARK Invest President Tom Staudt maintains optimism regarding fee competition among spot Bitcoin ETFs and their performance.
ARK Invest Comments on ETF Fees
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Tom Staudt, President of ARK Invest, has expressed unwavering optimism about fee competition and ETF performance among spot Bitcoin ETFs, particularly in relation to the pricing proposed by his company and partner 21Shares. Staudt mentioned his confidence in product pricing even after the end of the initial fee waiver period. He reiterated that Spot Bitcoin ETFs aim to alleviate investor concerns by eliminating significant ‘pain points.’
ARK Invest is gearing up to introduce a Bitcoin ETF in collaboration with partner 21Shares with a competitive fee rate of 21 basis points. Interestingly, the ETF will include a fee waiver for the first six months or until assets reach $5 billion. This offers an attractive proposition for potential investors.
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Staudt also noted that the pricing strategy aims to reduce total costs associated with trading and spreads, making direct crypto investment more economical. He emphasized that Bitcoin ETFs would eliminate ‘friction’ points associated with custody, access, and regulatory uncertainties.
Beyond immediate cost concerns, Staudt foresees that competition will act as a catalyst for long-term affordability. In a recent interview, he remained optimistic about Spot Bitcoin ETF pricing post the initial fee waiver. Staudt mentioned that Spot Bitcoin ETF investors would still need to pay a relatively accessible fee of 0.21%. He expected this move to generate increased interest and research among newcomers to the crypto industry. He also expressed anticipation of significant interest from those already intrigued by the digital asset class.
Bitcoin as a Risk-On and Risk-Off Asset
Staudt highlighted that ARK Invest’s commitment to Bitcoin dates back to 2015. He noted that it is not just a venture aimed at maximizing profit but, on the contrary, aims to enable access to Bitcoin, a matured asset. From an investor perspective, Staudt pointed out that Bitcoin (BTC) is portrayed as a versatile asset that can be used both as a risk-on and risk-off investment.
Drawing parallels with historical events such as regional banking crises, the ARK Invest President emphasized Bitcoin’s resilience during economic uncertainties. Additionally, Staudt highlighted Bitcoin’s unique status as a new asset class, underscoring its potential to increase portfolio diversification with lower correlation to traditional assets.