Bitcoin ETF Fees Lower Than Gold ETFs, Attracting Investors

Bitcoin and gold are often seen as safe-haven assets. Newly launched Bitcoin ETFs offer investors a cheaper way to invest in "gold" as all of the newly approved Bitcoin ETFs, with the exception of Grayscale's GBTC, have lower fees than the largest gold ETFs. -GLD has an expense ratio of 0.4%, while nine of the 10 newly approved bitcoin ETFs have lower expense ratios. Since the approval of the Bitcoin ETF, investors have found it cheaper to buy digital gold than physical gold. 10 issuers, including Franklin Templeton, launched Bitcoin ETFs on 11 January, with Franklin Templeton having the lowest management fee at 0.19%, and the majority below 0.30%. By comparison, the SPDR Gold Trust, the largest gold ETF, has a fee of 0.40 per cent. Bitcoin's value comes from its limited supply (21 million bitcoins), making it a scarce asset, similar to gold. It is also self-managed and not subject to government influence.