Invesco Galaxy Bitcoin ETF :$BTCO

The Invesco Galaxy Bitcoin ETF is a new exchange-traded fund that tracks the performance of Bitcoin. Here is a breakdown of the ETF, including its fees:

 What is the Invesco Galaxy Bitcoin ETF?

The Invesco Galaxy Bitcoin ETF is a new ETF that tracks the performance of Bitcoin. It is designed to provide investors with exposure to Bitcoin without having to buy and store the cryptocurrency themselves. The ETF is managed by Invesco and Galaxy Digital Capital Management.

How does the Invesco Galaxy Bitcoin ETF work?

The Invesco Galaxy Bitcoin ETF invests in Bitcoin futures contracts, which are agreements to buy or sell Bitcoin at a predetermined price at a future date. The ETF’s performance is tied to the performance of Bitcoin, as represented by the price of Bitcoin futures contracts.

What are the fees associated with the Invesco Galaxy Bitcoin ETF?
According to the ETF’s prospectus, the Invesco Galaxy Bitcoin ETF has an expense ratio of 0.95%. This means that for every $1,000 invested in the ETF, investors will pay $9.50 in fees annually. In addition to the expense ratio, investors may also be subject to transaction fees, which are charged by brokers when buying or selling ETF shares. These fees can range from $10 to $75 per trade.

Conclusion

The Invesco Galaxy Bitcoin ETF is a new ETF that tracks the performance of Bitcoin. It invests in Bitcoin futures contracts and has an expense ratio of 0.95%. Investors should also be aware of potential transaction fees charged by brokers when buying or selling ETF shares.