According to @BillAckman on Twitter, Charles Schwab is expected to offer spot Bitcoin ETF purchases with minimal commission fees, contrasting sharply with standard crypto exchanges that often charge fees between 1.5% and 2% per trade (source: @BillAckman, Twitter, June 2024). For active traders, Schwab’s likely lower commission structure—consistent with its typical low-fee brokerage model—may drive increased institutional and retail flows into spot Bitcoin ETFs, potentially impacting liquidity and price discovery across both traditional and crypto-native platforms. This shift could accelerate the migration of trading volume from high-fee exchanges to mainstream brokerages, affecting market spreads and overall cost efficiency for Bitcoin investors.

According to Flood (@ThinkingUSD) on Twitter, rumors suggest that Hyperliquid's upcoming season points program may introduce negative trading fees, making it significantly more cost-effective compared to other exchanges where trading fees could increase in relative terms. For active traders, this potential shift means executing trades on Hyperliquid could not only eliminate fees but potentially provide rebates, directly impacting trading profitability and exchange selection. These developments underscore the importance of monitoring Hyperliquid’s official announcements for fee structure updates and considering the competitive edge this may offer for high-frequency and volume traders (Source: @ThinkingUSD, Twitter, April 28, 2025).