"Financial Times": The cost battle of Bitcoin ETFs has spread to Europe

With the launch of multiple spot Bitcoin ETFs in the United States, Invesco and WisdomTree have reduced the fees for their European Bitcoin products by over 60%. Gary Buxton, responsible for Invesco's ETFs in Europe, Middle East, Africa, and Asia-Pacific regions, stated that the US SEC approved spot Bitcoin ETF applications from companies such as BlackRock, Fidelity, and Invesco this month. This has brought "unprecedented new product supply" to US investors. Experts say that previously these types of investors had to seek providers in Canada or Europe to access cryptocurrency trading platforms. Buxton mentioned that as the US market "strives to find a new balance between supply and demand," "multiple" providers have lowered their charges resulting in price ranges that are "significantly lower than" existing tracking products in Europe.