- Invesco and Galaxy are reducing the fees of their Bitcoin ETF (BTCO).
- The Bitcoin ETF will charge an eventual expense ratio of 0.25% instead of 0.39%
- The report highlighted that the fees will be waived for the first six months, or until the fund reaches $5 billion in assets.
Investment management companies Invesco and Galaxy announced on Monday that they would be reducing the fees of their Bitcoin ETF (BTCO), according to Bloomberg.
The report 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.
Regardless of this fee deduction, data showed that BTCO isn’t the cheapest Spot Bitcoin ETF 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.
Bitcoin ETF Funds Fees. Source: James Seyffart on X
…The post Invesco and Galaxy Reduce Their Bitcoin ETF Fees; 0.25% Instead of 0.39% appeared first on Coin Edition.