Bitcoin ETF

Galaxy

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">Invesco and Galaxy Digital have announced fee reductions for their spot Bitcoin (BTC) ETF (BTCO).</p>
 <p>According to filings with the U.S. Securities and Exchange Commission, the fee is <a rel="noopener noreferrer nofollow" title="reduced" href="https://thebittimes.com/tag/reduced.html">reduced</a> by 14 basis points, from 0.39% to 0.25%.</p>
 <p>Invesco and Galaxy Digital note that their product exempts clients from <a rel="noopener noreferrer nofollow" title="commission" href="https://thebittimes.com/tag/commission.html">commission</a>s for the first six months on assets of up to $5 billion. At the same time, the companies retain the right to extend preferential conditions for investors.</p>
 <p>The updated rate will improve the position of the Invesco and Galaxy Digital cryptocurrency ETFs in terms of <a rel="noopener noreferrer nofollow" title="competition" href="https://thebittimes.com/tag/competition.html">competition</a>, says Bloomberg Intelligence analyst James Seyffart.</p>
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    <p lang="en" dir="ltr">We have @InvescoUS &amp; @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps. <br><br>(Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo &amp; @kgreifeld pic.twitter.com/Erk2NU9kVF</p>— James Seyffart (@JSeyff) January 29, 2024
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 <p>Most investment products from other companies offer similar <a rel="noopener noreferrer nofollow" title="commission" href="https://thebittimes.com/tag/commission.html">commission</a>s, the expert notes. The main differences between spot Bitcoin ETFs at this stage lie in the preferential terms that the funds provide.</p>
 <p>BTCO is in sixth place regarding financial investments among the spot Bitcoin ETFs launched on Jan. 11, 2024. This figure remains at $282 million. The first place in terms of the volume of funds received is occupied by the BlackRock crypto fund with $2.17 billion, according to SoSo Value.</p>
 <p>The only spot Bitcoin ETF that continues to lose assets is the product of Grayscale Investments. According to a report by analytics firm CoinShares, between Jan. 20 and Jan. 26, 2024, outflows from the crypto fund amounted to $2.2 billion.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/invesco-galaxy-reduced-spot-bitcoin-etf-commission-amid-competition-pressure-tbt78204.html">https://thebittimes.com/invesco-galaxy-reduced-spot-bitcoin-etf-commission-amid-competition-pressure-tbt78204.html</a></p>

Invesco Galaxy reduced spot Bitcoin ETF commission amid competition pressure

TheBitTimes

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