Bloomberg analyst Eric Balchunas recently posted on X (original Twitter) that US financial services company Schwab announced that it would reduce the fees of its TIPS bond ETF and high-yield ETF to 3 basis points (bps) to be consistent with its other product portfolios. This move is lower than SPDR's recent reduction of its fees to 5 basis points.
Balchunas noted that this is a good example of the same intense fee war that will be faced by future Bitcoin ETFs, calling the competitive environment the “Terrordome” because issuers need to survive in such a harsh environment so that investors can enjoy lower fees.
