CoinShares has announced a permanent reduction in the management fee for its Bitcoin exchange-traded product (ETP), CoinShares Bitcoin ETP (BITC), to 0.15%. This change is effective immediately and aims to offer more competitive investment costs for both institutional and retail investors. BITC, the largest physically backed Bitcoin ETP in Europe by assets under management, is listed on multiple exchanges including Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, LSE, and Borsa Italiana.