Franklin Templeton Digital Holdings Trust cuts Bitcoin ETF fee to 0.19% from 0.29%
The trust's sponsor, Franklin Holdings, LLC, signed an amended and restated sponsor agreement for the Franklin Bitcoin ETF that lowers the sponsor fee from 0.29% to 0.19% of net assets annually. The sponsor will also waive part of its fee so that it equals 0.00% on the first $10.0 billion of fund assets from January 12, 2024 through August 2, 2024, which lowers the fund's costs for shareholders during that period.
- Sponsor fee reduced from 0.29% to 0.19% annually under the amended agreement dated January 12, 2024
- Fee waiver sets the sponsor fee at 0.00% on the first $10.0 billion of fund assets from January 12, 2024 through August 2, 2024
- Amended agreement replaces the prior sponsor agreement dated January 5, 2024; full text filed as Exhibit 10.7