Analysis News TheBitTimes.com

Invesco and Galaxy Digital have announced fee reductions for their spot Bitcoin (BTC) ETF (BTCO). According to filings with the U.S. Securities and Exchange Commission, the fee is reduced by 14 basis points, from 0.39% to 0.25%. Invesco and Galaxy Digital note that their product exempts clients from commission s for the first six months on assets of up to $5 billion. At the same time, the companies retain the right to extend preferential conditions for investors. The updated rate will improve the position of the Invesco and Galaxy Digital cryptocurrency ETFs in terms of competition , says Bloomberg Intelligence analyst James Seyffart. We have @InvescoUS & @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps. (Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo & @kgreifeld pic.twitter.com/Erk2NU9kVF — James Seyffart (@JSeyff) January 29, 2024 Most investment products from other compan...

The U.S. Securities and Exchange Commission has thrown a wrench into the plans of Invesco, Bitwise, and Valkyrie by imposing unexpected delays. A decision by the United States Securities and Exchange Commission, one that carries significant implications, has been postponed. The decision pertains to several proposals for spot Bitcoin exchange-traded funds (ETFs), including a notable name like BlackRock. This unexpected delay looms ominously, coinciding with the anticipation of a government shutdown. In an unforeseen turn of events, the SEC has chosen to prolong the evaluation of the spot Bitcoin ETF applications submitted by Invesco, Bitwise, and Valkyrie. This decision, as reported in separate filings dated September 28, adds an air of uncertainty to the crypto landscape. Notably, Bloomberg’s ETF analyst, James Seyffart, anticipates that similar postponements may afflict the applications put forth by Fidelity, VanEck, and WidsomTree, adding to the general sense of unpredictabili...