Bitcoin ETF Fee Wars Heat Up: Invesco And Galaxy Asset Management Reduce Fees To Take On Competition
Portfolio Pulse from Mehab Qureshi
Invesco and Galaxy Asset Management have reduced the fee of their Invesco Galaxy Bitcoin ETF (BTCO) from 0.39% to 0.25% to attract more investors and compete with other issuers. Invesco also offers a fee waiver for the first six months or until the ETF reaches $5 billion in assets. Despite this, BTCO has seen modest inflows compared to similar ETFs from BlackRock and Fidelity. Franklin Templeton's Bitcoin ETF currently has the lowest fee at 0.19% with a fee waiver until August 2 or until it reaches $10 billion in assets.
January 30, 2024 | 3:45 am
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Invesco Galaxy Bitcoin ETF (BTCO) fee reduction from 0.39% to 0.25% is designed to increase its competitiveness and attract more investors. The fee waiver for the initial period or until a certain asset threshold is met could incentivize early investment.
The fee reduction and temporary waiver are likely to make BTCO more attractive to investors seeking cost-efficient exposure to Bitcoin, potentially leading to increased inflows and a positive short-term impact on the ETF's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100