The Financial Times reported that European brokerages are cutting fees

977Iti

The Financial Times reported that European brokerages are cutting fees for Bitcoin exchange-traded funds (ETFs).

Impact on the European Market
Alexis Marinof, Head of WisdomTree Europe, commented on the launch of Bitcoin spot ETFs in the United States, stating that it "has attracted a lot of attention in Europe."
Following the decision by the U.S. Securities and Exchange Commission, VanEck plans to strengthen its marketing efforts for its European cryptocurrency products. Martijn Rozemuller, CEO of VanEck Europe, believes that the SEC's decision has increased investor interest in cryptocurrencies and has had a positive impact on the company's brand in Europe.
Senior Investment Manager Peter Sleep pointed out that U.S.-listed products may be more attractive to European investors due to increased liquidity and market expansion.
Meanwhile, Hector McNeil, CEO of HanETF, emphasized the importance of spreads, taxation, and custody in investment decisions. He noted that the price war in U.S. ETFs has resolved around 30 basis points, making it challenging for providers to profit unless they attract a significant amount of assets under management.

Ritu77

Anyway, currently, it has no impact on us.

Samiksha

Is the Financial Times paying attention to this now as well?

Sona59

There are quite a few fund expenses.

Ritu13

Understanding exchange-traded fund fees is essential too.