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ARK Invest President Tom Staudt recently expressed unwavering optimism regarding the Bitcoin ETF pricing proposed by the organization and its partner, 21Shares. He noted that he is confident about the product pricing even after the initial fee waiver concludes. Moreover, he reaffirmed that Spot Bitcoin ETFs are designed to alleviate investor concerns by eradicating considerable “pain points.”
Also Read: Coinbase CEO & CLO Credit Grayscale For Historic Bitcoin ETF Win
Tom Staudt Provides Insight On Bitcoin ETF Pricing
ARK Invest, in collaboration with partner 21Shares, is set to introduce the Bitcoin ETF at a competitive rate of 21 basis points. Impressively, the ETF will feature a fee waiver for the initial six months or until reaching $5 billion in assets. This presents an attractive proposition for potential investors.
In addition, Staudt noted that the pricing strategy aims to undercut total costs, including those associated with trading and spreads, making direct crypto investment more economically viable. Moreover, he added that Bitcoin ETFs would eliminate ‘friction’ points associated with custody, accessibility, and regulatory uncertainties.
Beyond the immediate cost considerations, Staudt envisions increased competition as a catalyst for long-term affordability. Furthermore, he remained bullish on the Spot Bitcoin ETF pricing post the initial fee waiver, according to a recent CNBC interview.
Staudt noted Spot Bitcoin ETF investors would have to pay a 0.21% fee, which is still pretty accessible. He added the move is anticipated to spark heightened interest and research among those new to the crypto industry. In addition, he expects intensified attention from those previously curious about the digital asset class.
Bitcoin as a Risk-On and Risk-Off Asset
Staudt noted that ARK Invest’s commitment to Bitcoin dates back to 2015. The President affirmed that this initiative not merely as a profit-maximizing venture. He added that it rather aims to provide accessible exposure to a maturing asset. Staudt further explained that from an investor perspective, Bitcoin (BTC) is portrayed as a versatile asset capable of serving both as a risk-on and risk-off investment.
Drawing parallels to historical events, such as the regional bank crisis, the Ark Invest President highlighted Bitcoin’s resilience during economic uncertainties. Moreover, Staudt highlighted Bitcoin’s unique status as a new asset class. Hence, he underscored Bitcoin’s potential to enhance portfolio diversification with a lower correlation to traditional assets.
Also Read: Tron Founder Predicts China To Join The Crypto ETF Race
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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