Overview

• Invesco Galaxy has lowered the fee for its bitcoin ETF from 0.39% to 0.25%, matching the fees of BlackRock, Valkyrie, VanEck and Fidelity.
• The fee waiver applies for the first six months or until the ETF reaches $5 billion in assets.
• Invesco's move is seen as a bid to increase competitiveness in the fiercely contested bitcoin ETF market.
• Since its launch, Invesco's bitcoin ETF has seen over $280 million in inflows.
• Despite the fee reduction, Invesco's ETF still has higher fees than some competitors, such as Franklin Templeton, which charges 0.19%.