European ETF Fee War Escalates as Invesco and WisdomTree Slash Rates Post-U.S. SEC Approval

The competition-driven fee reduction trend witnessed in the U.S. spot Bitcoin exchange-traded fund (ETF) market has now extended to Europe following the recent approval by the United States Securities and Exchange Commission (SEC). Notably, leading asset managers Invesco and WisdomTree have slashed fees on their European-listed exchange-traded products (ETPs) by over 60%. Invesco’s $137 million Physical Bitcoin ETP will see fees drop from 0.99% to 0.39%, while WisdomTree’s $325 million Physical Bitcoin ETP will see a reduction from 0.95% to 0.35%. This shift is attributed to heightened competition and the availability of multiple U.S.-based ETFs, making European ETPs less attractive to U.S. investors. The approval of 11 spot Bitcoin ETFs in the U.S. has significantly impacted the demand for European ETPs among U.S. investors, prompting a strategic fee adjustment to attract and retain market share. (Source: Cointelegraph)