Invesco Reports Reduction In Invesco Galaxy Bitcoin ETF's Sponsor Fee By 14 Basis Points, Lowering Total Expense Ratio From 0.39% To 0.25%
Portfolio Pulse from Benzinga Newsdesk
Invesco has announced a reduction in the sponsor fee for the Invesco Galaxy Bitcoin ETF by 14 basis points, decreasing the total expense ratio from 0.39% to 0.25%.
January 29, 2024 | 9:41 pm
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POSITIVE IMPACT
Invesco's reduction in the sponsor fee for the Invesco Galaxy Bitcoin ETF could attract more investors due to lower costs, potentially increasing assets under management.
Reducing the expense ratio of an ETF makes it more attractive to cost-conscious investors, which can lead to an increase in assets under management and potentially enhance the profitability of the fund for the sponsor, Invesco. This fee reduction could signal Invesco's commitment to staying competitive in the cryptocurrency ETF space, which may be viewed positively by investors.
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