Financial Times: Bitcoin ETF fee war has spread to Europe

With the launch of several spot Bitcoin ETFs in the United States, Invesco and WisdomTree have slashed fees on European Bitcoin products by more than 60%. Gary Buxton, who is responsible for ETFs in Europe, the Middle East and Africa and Asia Pacific at Invesco, said that the U.S. SEC this month approved spot Bitcoin ETF applications from companies such as BlackRock, Fidelity and Invesco, which brings “unprecedented new products to U.S. investors” supply". Experts say that previously such investors had to look for Canadian or European providers to gain exposure to cryptocurrency exchanges. Buxton said that as the US market "struggles to find a new balance between supply and demand", "multiple" suppliers have reduced their charges, resulting in a price range that is "significantly lower" than existing tracking products in Europe. (FT)