According to CoinShares, the company has permanently reduced the management fee for its flagship Bitcoin exchange trading product, CoinShares Bitcoin ETP (ticker symbol: BITC), to 0.15%, effective immediately. This product is currently the largest physically backed Bitcoin ETP in Europe in terms of assets under management. CoinShares reports that this fee adjustment aims to provide institutional and retail investors with more competitive investment costs. BITC is currently listed on Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, LSE, and Borsa Italiana.