BTC spot ETF likely to spur fee-bleeding competition among exchanges
According to Cointelegraph, Nate Geraci, CEO of U.S. ETF specialist ETFstore, believes that "the approval of a Bitcoin spot ETF will spark a fee-bleeding race among crypto exchanges." "Bitcoin spot ETF trading fees average 0.01%, compared to 0.6% on exchanges like Coinbase," said Eric Balchunas, ETF analyst at Bloomberg.