Bitcoin
Bitcoin (BTC)
$64,865.00 1.55292
Bitcoin price
Ethereum
Ethereum (ETH)
$3,148.94 3.05776
Ethereum price
BNB
BNB (BNB)
$569.88 2.59662
BNB price
Solana
Solana (SOL)
$150.28 5.40912
Solana price
XRP
XRP (XRP)
$0.5274710 4.86211
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000261 14.38612
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.4164
Pepe price
Bonk
Bonk (BONK)
$0.0000194 30.98862
Bonk price
Bitcoin
Bitcoin (BTC)
$64,865.00 1.55292
Bitcoin price
Ethereum
Ethereum (ETH)
$3,148.94 3.05776
Ethereum price
BNB
BNB (BNB)
$569.88 2.59662
BNB price
Solana
Solana (SOL)
$150.28 5.40912
Solana price
XRP
XRP (XRP)
$0.5274710 4.86211
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000261 14.38612
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.4164
Pepe price
Bonk
Bonk (BONK)
$0.0000194 30.98862
Bonk price
Bitcoin
Bitcoin (BTC)
$64,865.00 1.55292
Bitcoin price
Ethereum
Ethereum (ETH)
$3,148.94 3.05776
Ethereum price
BNB
BNB (BNB)
$569.88 2.59662
BNB price
Solana
Solana (SOL)
$150.28 5.40912
Solana price
XRP
XRP (XRP)
$0.5274710 4.86211
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000261 14.38612
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.4164
Pepe price
Bonk
Bonk (BONK)
$0.0000194 30.98862
Bonk price
Bitcoin
Bitcoin (BTC)
$64,865.00 1.55292
Bitcoin price
Ethereum
Ethereum (ETH)
$3,148.94 3.05776
Ethereum price
BNB
BNB (BNB)
$569.88 2.59662
BNB price
Solana
Solana (SOL)
$150.28 5.40912
Solana price
XRP
XRP (XRP)
$0.5274710 4.86211
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000261 14.38612
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.4164
Pepe price
Bonk
Bonk (BONK)
$0.0000194 30.98862
Bonk price
SirWin
SirWin
SirWin

Invesco Galaxy reduced spot Bitcoin ETF commission amid competition pressure

invesco-galaxy-reduced-spot-bitcoin-etf-commission-amid-competition-pressure
Edited by
News
Invesco Galaxy reduced spot Bitcoin ETF commission amid competition pressure

Invesco and Galaxy Digital have announced fee reductions for their spot Bitcoin (BTC) ETF (BTCO).

According to filings with the U.S. Securities and Exchange Commission, the fee is reduced by 14 basis points, from 0.39% to 0.25%.

Invesco and Galaxy Digital note that their product exempts clients from commissions for the first six months on assets of up to $5 billion. At the same time, the companies retain the right to extend preferential conditions for investors.

The updated rate will improve the position of the Invesco and Galaxy Digital cryptocurrency ETFs in terms of competition, says Bloomberg Intelligence analyst James Seyffart.

Most investment products from other companies offer similar commissions, the expert notes. The main differences between spot Bitcoin ETFs at this stage lie in the preferential terms that the funds provide.

BTCO is in sixth place regarding financial investments among the spot Bitcoin ETFs launched on Jan. 11, 2024. This figure remains at $282 million. The first place in terms of the volume of funds received is occupied by the BlackRock crypto fund with $2.17 billion, according to SoSo Value.

The only spot Bitcoin ETF that continues to lose assets is the product of Grayscale Investments. According to a report by analytics firm CoinShares, between Jan. 20 and Jan. 26, 2024, outflows from the crypto fund amounted to $2.2 billion.

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