Core Viewpoint - CoinShares has announced a permanent reduction in the management fee for its CoinShares Bitcoin ETP (BITC) to 0.15%, reinforcing its market leadership and commitment to accessible digital asset investment [1][3]. Group 1: Fee Reduction and Market Position - The management fee reduction positions BITC as one of the lowest-cost Bitcoin ETPs globally, enhancing its competitiveness in the European market [2][4]. - CoinShares aims to leverage its operational efficiency and market-leading scale to offer institutional-grade products at competitive prices [4]. Group 2: Commitment to Accessibility and Quality - The fee reduction aligns with CoinShares' belief that broad adoption of digital assets requires both institutional-quality products and accessible pricing [5]. - The new fee structure reflects the maturity of the Bitcoin market, ensuring that various investors, including portfolio managers and retail clients, have access to Bitcoin exposure at reasonable costs [6]. Group 3: Product Details - CoinShares Bitcoin ETP (BITC) is physically-backed and now has a management fee of 0.15%, effective immediately [9]. - The product is listed on multiple exchanges, including Xetra and the London Stock Exchange [9].