Jan 8, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry today, including BlackRock, Fidelity, and other potential bitcoin ETF providers revealing their fees as the crypto industry awaits final approval from the SEC. Plus, ARK Invest sold a further $20.6 million worth of Coinbase (COIN) shares.

Video transcript

S one filings are in for spot Bitcoin ETF applicants and the Salana Meme coin frenzy is fizzling. You're watching Coindesk Daily, I'm your host, Jen Sani. The fee wars have begun blackrock fidelity and other spot. Bitcoin ETF applicants have revealed their fees as the crypto industry awaits final approvals from the securities and exchange commission. In its final s one filing, Blackrock said its fee will start at 20 basis points for the 1st 12 months until the fund reaches $5 billion and then settles at 30 basis points. Fide listed a 0.39% fee arc and Beck both announced fees of 0.25% following the news. Bitcoin ticked above $44,700 as of 9:30 a.m. Eastern time today. Bitcoin is above $45,000. Ark invest sold $20.6 million worth of Coinbase shares on Friday across three of its exchange traded funds. Kathy Woods Investment firm offloaded 100 and 33,823 coin shares which closed last week at 100 and $53.98. Arc invests target is to have no individual stock surpass 10% weighting of an Et F's value coin more than doubled in price at the tail end of 2023 causing the investment firm to offload holdings. And the Solana meme coin frenzy is fizzling dog themed bonk Token whose price rallied more than 1000% in a three month period is down 70% from its December peak that saw the Token listed on prominent exchanges. Whiff hat, which gained popularity because of a cute picture of a dog wearing a hat is also down nearly 80% after early holders got a more than 10,000% return on their capital. Despite this, Solana has become the strongest draw among unchain traders. According to metrics from last week, that show trading volumes and network fees crossing those of Ethereum. That's a wrap for Coindesk daily. Get more updates on coindesk.com and we'll see you next time.

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