Invesco Galaxy Bitcoin ETF

The Invesco Galaxy Bitcoin ETF (BTCO) is a collaborative effort between Invesco Ltd., a global investment management firm, and Galaxy Asset Management, a leader in digital asset investments. Launched on January 11, 2024, BTCO provides investors with direct exposure to bitcoin by holding physical bitcoin, aiming to mirror its spot price performance. This partnership leverages Invesco's extensive experience in exchange-traded funds and Galaxy's deep expertise in digital assets to offer a secure and efficient investment vehicle. (investor.galaxy.com)

In its initial months, BTCO implemented a fee waiver, reducing the total expense ratio to zero for assets up to $5 billion during the first six months. This strategic move was designed to attract investors by lowering the cost of entry into bitcoin investments. Additionally, in January 2024, the sponsor fee was reduced from 0.39% to 0.25%, further enhancing the fund's appeal. (sec.gov)