Bitcoin fund fees tumble amid ‘crypto winter’

Financial Times LogoFinancial Times1 mo ago

Bitcoin fund fees tumble amid ‘crypto winter’

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The products, likely to cover bitcoin, ether and potentially some broader crypto indices, may have similarities to the buffered, or defined outcome, equity ETFs proving popular in the US.

Its plans include risk-adjusted crypto ETPs that will offer some downside protection in return for surrendering some potential gains, “so the investor can have more confidence investing at this point”.

Fund managers are slashing the cost of exchange traded products to lure investors back into the asset class amid the ongoing crypto crash.

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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Topics: Price Cent Crypto Rashwan Etps Market Investors Bitcoin Products

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 04:00:29

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 795 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 28056

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About Financial Times

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Headquarters: United States

News Last Updated: 11h ago

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