Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights.
Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition
In a strategic move to gain traction in the highly competitive spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have reduced the fee for their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). This decision, announced on Monday, marks the latest move in the ongoing fee war amongst issuers of this new financial product.
The fee reduction brings BTCO’s expense ratio down from 0.39% to 0.25%. Additionally, Invesco has announced a waiver of these fees for the first six months or until the ETF reaches $5 billion in assets under management (AUM). This aggressive pricing strategy aims to bolster the fund’s appeal among investors and compete more
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