BlackRock Launches Bitcoin Income ETF with Competitive Fee Structure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: stocktwits
- Fee Structure Set: BlackRock has established a 65-basis-point fee for its planned iShares Bitcoin Premium Income ETF (BITA), which is higher than its iShares Bitcoin Trust ETF (IBIT) but lower than the 95 and 99 basis points charged by the two largest Bitcoin covered-call ETFs, indicating a competitive pricing strategy.
- Intensifying Market Competition: BlackRock is racing against Goldman Sachs to launch its Bitcoin Premium Income ETF, which is expected to be effective around July 1, with analyst Eric Balchunas noting that this competition will drive rapid growth in the Bitcoin income ETF segment, marking the beginning of a
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 1032.010
Low
604.00
Averages
951.45
High
1100
Current: 1032.010
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rating Downgrade: Reflecting changing market conditions, Jim Cramer has downgraded Eaton's rating from a buy-equivalent 1 to a 2, indicating a wait for a more attractive price level before considering further investment.
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