CoinShares permanently reduces the management fee for its Bitcoin ETP to 0.15%

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Bitcoin breaking news: CoinShares has permanently reduced the management fee for its Bitcoin ETP, BITC, to 0.15%. The change takes effect immediately. The ETP remains Europe’s largest physically-backed Bitcoin product by AUM and is listed on Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, LSE, and Borsa Italiana. Bitcoin news reflects growing institutional interest in the asset class.

Odaily Planet Daily reports: CoinShares has permanently reduced the management fee for its flagship Bitcoin exchange-traded product, CoinShares Bitcoin ETP (ticker: BITC), to 0.15%, effective immediately. This product is currently the largest physically backed Bitcoin ETP in Europe by assets under management.

It is reported that this fee adjustment aims to provide more competitive investment costs for both institutional and retail investors; BITC is currently listed on Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, LSE, and Borsa Italiana. (Globenewswire)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.