CRYPTO FEES

BlackRock’s crypto division made $42 million in fees during the first quarter, a modest amount compared to its total ETF revenue. The firm’s overall ETF business earned more than $2. 4 billion in the same period. Crypto products hold about 1. 11 % of BlackRock’s $5. 48 trillion in ETF assets,

Cryptocurrency was supposed to be all about cutting out the middleman, but it turns out there are still plenty of people taking a cut. Exchanges, wallet providers, and blockchain networks are all charging fees that can make traditional banks seem like a bargain. Take Ethereum, for example. When the