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CoinShares Cuts Bitcoin ETP Management Fee to 0.15% in Permanent Move

Europe’s largest physically backed Bitcoin ETP sees a fee reduction, potentially enhancing investor appeal across exchanges such as Xetra and SIX Swiss Exchange.

BTC

Summary

CoinShares has announced a permanent reduction in the management fee for its flagship CoinShares Bitcoin ETP (BITC) to 0.15%. BITC is the largest physically backed Bitcoin ETP in Europe and is listed on multiple exchanges, including Germany’s Xetra and Switzerland’s SIX Swiss Exchange. The change takes effect immediately, aiming to make the product more competitive and attractive for institutional and retail investors seeking exposure to Bitcoin within regulated European markets.

Terms & Concepts
  • Bitcoin ETP: An exchange-traded product that tracks the price of Bitcoin, allowing investors to gain exposure without directly holding the cryptocurrency.
  • Physically backed: A financial product supported by the actual underlying asset, in this case, Bitcoin, held in custody to match the value of the product.
  • Management fee: A charge by an investment fund or ETP provider for managing the product, typically expressed as an annual percentage of assets under management.