CoinShares Reduces Management Fee for Bitcoin ETP

CoinShares has announced a permanent reduction in the management fee for its flagship Bitcoin Exchange-Traded Product (ETP), CoinShares Bitcoin ETP (BITC), to 0.15%, effective immediately. According to Odaily, this product is currently the largest physically-backed Bitcoin ETP in Europe by assets under management. The fee adjustment aims to offer more competitive investment costs for both institutional and retail investors. BITC is listed on several major exchanges, including Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, London Stock Exchange, and Borsa Italiana.