U.S. investors often turned to European and Canadian-based ETPs for investment, but now the tables have turned as U.S.-based spot BTC ETFs are more easily accessible and more liquid, attracting European investors as well.
The spot Bitcoin (BTC) exchange-traded fund (ETF) fee war has now reached Europe just weeks after the United States Securities and Exchange Commission (SEC) approved the BTC ETFs in the country.
Before the approval on Jan. 10, several applicants updated their S-1 filings multiple times to lower their ETF fees. Now, a similar trend is being observed among European listed exchange-traded products (ETPs).
Two leading asset managers, Invesco and WisdomTree, slashed fees on their European-listed ETPs by more than 60%. The $137 million Invesco Physical Bitcoin ETP will see a charge reduction from 0.99% to 0.39%, while the $325 million WisdomTree Physical Bitcoin ETP will see a cost reduction from 0.95% to 0.35%.
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Source: https://cointelegraph.com/news/invesco-and-wisdomtree-cut-fees-on-european-etps-as-price-war-reaches-europe