The ARK Bitcoin Spot ETF will charge an annual management fee of 0.8%, subject to the “inherent complexities” of cryptocurrency products

ARK Investment Management and 21Shares have become the first major applicants in the United States to disclose management fees for Bitcoin spot ETFs. According to updated documents on Monday, the Ark 21Shares Bitcoin ETF (ARBK) will charge a management fee of 0.8%. Although higher than the average fee rate of US-listed ETFs at 0.54%, the fee is lower than the maximum fee of the Bitcoin futures ETF - ProShares Bitcoin Strategy ETF at 0.95%, and much lower than the 2% charged by Grayscale GBTC.