Invesco
and
Galaxy
Asset
Management
have
lowered
the
fee
of
its
spot
bitcoin
exchange-traded
fund
(ETF)
to
0.25%
from
0.39%,
the
issuers
announced
Monday.
The
move
puts
the
sponsor
fee
for
the
Invesco
Galaxy
Bitcoin
ETF
(BTCO)
in
line
with
that
of
most
fellow
issuers.
Only
Ark
and
21Shares,
Bitwise
and
Franklin
Templeton
offer
lower
fees
versus
their
peers.
Invesco
said
it
will
continue
to
waive
fees
for
the
first
six
months
or
until
it
reaches
$5
billion
in
assets,
according
to
the
statement.
The
index
provider
has
had
a
slightly
worse
start
to
the
ETF
race
than
some
other
TradFi
issuers
of
the
same
caliber,
including
BlackRock
and
Fidelity,
which
both
attracted
roughly
$2
billion
in
total
volume
in
the
first
11
days.
Since
its
inception,
Invesco’s
bitcoin
spot
ETF
has
only
seen
a
little
over
$280
million
in
inflows
into
its
fund.