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<ul class="news-points"> 
 <li>CoinShares moves to cut management fees for its Bitcoin exchange-traded product.</li> 
 <li>The management fee will drop from 0.98% to 0.35% per year next Thursday.</li> 
 <li>CoinShares holds approximately 40% of the assets in all European crypto ETPs.</li> 
</ul> 
Leading crypto-focused asset manager CoinShares has announced a significant cut in the management fees for its Bitcoin exchange-traded product (ETP). CoinShares <a href="https://coinshares.com/news/fee-reduction-coinshares-physical-bitcoin" target="_blank" rel="nofollow">disclosed</a> this move in an official press statement today, January 25. 
According to the announcement, this initiative will see the management fee plummet from 0.98% per year to 0.35% per year. The reduction will become effective next Thursday, February 1, and will apply to physically-backed Bitcoin ETPs in Europe.&nbsp; 
The report noted that the action aligns with CoinShares’ commitment to making digital assets accessible to foster inclusivity. Emphatically, CoinShares sees the lowered management fee as a means to expand investors’ access to virtual assets through regulated products. 
Frank Spiteri, head of asset management at CoinShares, stressed the significance of this decision, stating:&nbsp; 
<blockquote class="wp-block-quote is-style-default"> 
 Our goal is to ensure that our products, including CoinShares Physical Bitcoin…
</blockquote>
The post <a href="https://coinedition.com/crypto-giant-coinshares-slashes-bitcoin-etp-management-fees/">Crypto Giant CoinShares Slashes Bitcoin ETP Management Fees</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Giant CoinShares Slashes Bitcoin ETP Management Fees

Coin Edition

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