New York based ETP sponsor WisdomTree has shaved10bps of fees for its Physical Bitcoin ETP (BTCW), from today until the end of the year.
The fee will be 0.15% per annum, which the company claims to be the lowest fee level amongst bitcoin ETPs in Europe. Barring any further announcement the waiver will expire on 31 December 2025.
The $880m WisdomTree Physical Bitcoin ETP, one of the largest in Europe, has over five years of track record and is listed on the London Stock Exchange, Deutsche Börse Xetra, the Swiss Stock Exchange (SIX), and Euronext in Paris and Amsterdam.
In 2024, it led the European bitcoin ETP market, attracting $232 million in net new flows.
Alexis Marinof, CEO, Europe, WisdomTree said: “As the 2024 European flow leader in this category, we remain focused on meeting the demands of a rapidly evolving market, ensuring our clients have the tools to make informed, strategic investment decisions in an ever-evolving market.
“By waiving fees on our Physical Bitcoin ETP, we are not only enhancing cost-effectiveness but also supporting the broader institutional adoption of digital assets.”
WisdomTree’s European bitcoin ETP is passported for sale in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, Netherlands, Norway, Spain, Sweden, Switzerland and United Kingdom.
