Crypto Giant CoinShares Slashes Bitcoin ETP Management Fees

  • CoinShares moves to cut management fees for its Bitcoin exchange-traded product.
  • The management fee will drop from 0.98% to 0.35% per year next Thursday.
  • CoinShares holds approximately 40% of the assets in all European crypto ETPs.

Leading crypto-focused asset manager CoinShares has announced a significant cut in the management fees for its Bitcoin exchange-traded product (ETP). CoinShares disclosed this move in an official press statement today, January 25.

According to the announcement, this initiative will see the management fee plummet from 0.98% per year to 0.35% per year. The reduction will become effective next Thursday, February 1, and will apply to physically-backed Bitcoin ETPs in Europe. 

The report noted that the action aligns with CoinShares’ commitment to making digital assets accessible to foster inclusivity. Emphatically, CoinShares sees the lowered management fee as a means to expand investors’ access to virtual assets through regulated products.

Frank Spiteri, head of asset management at CoinShares, stressed the significance of this decision, stating: 

Our goal is to ensure that our products, including CoinShares Physical Bitcoin, are not just superior in quality but also the most accessible to investors throughout Europe.

Following the historic approval of U.S. Bitcoin spot ETFs, CoinShares announced its intent to acquire the fund division of Valkyrie Investments. CoinShares CEO Jean-Marie Mognetti stated that acquiring Valkyrie Investments’ fund division is a strategic move to expand the company’s success in Europe into the United States. 

CoinShares stands as the preeminent investment company in Europe, per the announcement. CoinShares’ products reportedly hold approximately 40% of the assets in all European crypto ETPs.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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