Bitcoin ETF

Galaxy

Bitcoin

<ul class="news-points"> 
 <li>Invesco and Galaxy are reducing the fees of their Bitcoin ETF (BTCO).</li> 
 <li>The Bitcoin ETF will charge an eventual expense ratio of 0.25% instead of 0.39%</li> 
 <li>The report highlighted that the fees will be waived for the first six months, or until the fund reaches $5 billion in assets.</li> 
</ul> 
Investment management companies Invesco and Galaxy announced on Monday that they would be reducing the fees of their Bitcoin ETF (BTCO), according to Bloomberg.&nbsp; 
The <a href="https://www.bnnbloomberg.ca/invesco-and-galaxy-cut-spot-bitcoin-etf-fees-in-cutthroat-market-1.2028013" target="_blank" rel="noreferrer noopener nofollow">report</a> claimed that the Invesco Galaxy Bitcoin ETF will charge an expense ratio of 0.25%, a decrease from the original 0.39%. Moreover, the announcement highlighted that the fund’s fees will be waived for the first six months, or until it reaches $5 billion in assets.&nbsp; 
Regardless of this fee deduction, data showed that BTCO isn’t the cheapest <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Spot Bitcoin ETF</a> on the market. ETF Research Analyst James Seyffart shared a “fee table” that showed Franklin Templeton’s Bitcoin ETF charging a 0.19% expense ratio post waiver. With the waiver lasting until August 2 or until the fund reaches $10 billion in assets, Franklin’s ETF is reportedly the cheapest fund.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ISzov-K-oLTznj5m1_J12gRsykHXD_3FS2pAOiF_QhLX8L2r7zl707IT0yaBWM1kckHldt9LbX33lJkLnvMZGpeRqElTlBP204azyxR54_fcnNcp6SJ2EDFLX0BabVJrlR5xJcowp37JYLAF" alt="">
 <figcaption class="wp-element-caption">
 Bitcoin ETF Funds Fees. Source: <a href="https://x.com/JSeyff/status/1752087109484097631?s=20" target="_blank" rel="nofollow">James Seyffart on X</a>
 </figcaption>
</figure> …
The post <a href="https://coinedition.com/invesco-and-galaxy-reduce-their-bitcoin-etf-fees/">Invesco and Galaxy Reduce Their Bitcoin ETF Fees; 0.25% Instead of 0.39%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Invesco and Galaxy Reduce Their Bitcoin ETF Fees; 0.25% Instead of 0.39%

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