From Investing.com:

European financial firms WisdomTree and Invesco have announced significant reductions in fees for their cryptocurrency exchange-traded products (ETPs) ahead of the upcoming halving event in April, stirring market optimism.

WisdomTree has cut the fee for its Physical Bitcoin ETP to 0.35%, and Invesco has reduced the fee for its Physical Bitcoin ETP to 0.39%, effective by the end of January.

The fee reductions follow the U.S. approval of spot Bitcoin exchange-traded funds (ETFs), marking a significant regulatory milestone that has been positively received by the cryptocurrency sector.

With the Bitcoin halving event approaching, the market anticipates a bullish effect as the event typically reduces the reward for mining new bitcoins, potentially driving up its price if demand remains or increases.

These changes are seen as a competitive response to the evolving landscape, as lower fees can attract more investors seeking exposure to Bitcoin through regulated financial instruments.



Read more: European firms cut fees on Bitcoin ETPs ahead of April’s halving event By Investing.com