Cryptocurrency Q&A
Who owns Invesco's bitcoin ETF?
Who owns Invesco's bitcoin ETF?
BitcoinWizardry
Fri Jul 12 2024
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5 answers
1227
Could you elaborate on who precisely owns Invesco's Bitcoin ETF? Is it the company itself, or is it comprised of individual investors who have purchased shares in the ETF? Are there any restrictions on who can invest in this ETF, or is it open to a wide range of investors? Furthermore, how do the ownership stakes of the ETF translate into voting rights or influence over the management of the underlying bitcoin holdings? Clarifying these details would provide a more comprehensive understanding of the ownership structure and potential implications of Invesco's bitcoin ETF.
5 answers
Tommaso
Sun Jul 14 2024
The partnership between the fund and Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings (BRPHF -2.06%), represents a strategic alignment in the cryptocurrency space.
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SamuraiWarrior
Sun Jul 14 2024
Invesco's Bitcoin holdings are being kept directly under its custody, differentiating it from other funds that rely on third-party custodians like Coinbase.
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DiamondStorm
Sun Jul 14 2024
The ETF has implemented a promotional strategy by waiving its standard 0.39% annual fee for the initial six-month period, lasting until July 2024.
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ShintoBlessed
Sat Jul 13 2024
This fee waiver is applicable to assets up to a value of $5 billion, allowing investors to enjoy cost savings during this introductory phase.
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Giulia
Sat Jul 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to its customers. These include spot trading, futures contracts, and secure digital wallet solutions.
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