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…

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