Bloomberg analyst Eric Balchunas posited whether crypto exchanges would be forced to revisit their pricing structures should a spot Bitcoin ETF be approved, given the seemingly low fees charged by some of the most prominent players.
However, regarding the issuers offering lower fees, Caitlin Long of digital asset custody platform Custodia Bank raised concerns that low ETF fees could indicate problems for issuers regarding covering costs. While seemingly a direct competitor for Custodia, Long warned that ETF issuers who offer fees that are not high enough to cover their costs may resort to lending securities to offset losses.
According to the filed prospectuses of the ETF applicants, Bitcoin in custody will not be being lent in such a manner but instead held in cold storage. However, it is possible for ETF shares to be lent out with collateral backing the transaction.
We analyzed some of the top crypto exchanges to compare how low these fees are. The chart below shows the transaction fe
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