(Reuters) -BlackRock and Ark Investments said on Wednesday they were lowering the fees on their proposed spot bitcoin exchange traded funds.
BlackRock would charge 0.25%, compared with the 0.30% fee set earlier. Ark Investments and 21Shares lowered their fee to 0.21% from 0.25% earlier.
The aspiring ETF managers have kicked off a fee war even before an approval from the U.S. Securities and Exchange Commission for such investment vehicles, emphasizing the urgency with which they are looking to grab a share of the expected capital inflow.
(Reporting by Niket Nishant; Editing by Shounak Dasgupta)
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