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Franklin Templeton products currently have the lowest fees at 19 basis points.

It’s been a while More than a day after receiving SEC approval, 11 Spot Bitcoin ETFs began trading in the US. Although initial sales volumes exceeded some expectations, some approved publishers are taking special steps to make their products stand out from the rest.
On Thursday, Franklin Templeton’s Franklin Bitcoin ETF ranked 6th out of 11 companies in first-day trading volume with $65.45 million by the end of the day.
But the company wants more than that. By Friday, the company had lowered its fees from 29 basis points to 19 basis points, making it the lowest post-waiver fee among all spot Bitcoin ETFs and 0.01% lower than Bitwise’s 0.2% fee. (Note: Many issuers, including Franklin, are waiving fees for a limited time.) The highest fee is 1.5% for Grayscale’s Bitcoin Trust.
There is reason to believe that spot Bitcoin ETFs and other related products that may come to market will see strong demand over time, and large investment firms want to be part of the effort. “People are waking up to this new type of investment ecosystem,” said Sandy Kaul, head of digital assets and industry advisory services at Franklin Templeton. “Over the past 12 to 18 months, we have seen a clear expansion in interest from our customer base.”
On the first day of trading, there was $2.3 billion worth of trading volume across all products, according to a post on X by Eric Balchunas, senior ETF analyst at Bloomberg. An existing addition of $2.3 billion from Grayscale’s GBTC fund, which converted into a spot Bitcoin ETF on Wednesday, led to the 11th trading volume. The total issuer value reaches $4.6 billion.
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