CoinShares International Limited has permanently reduced the management fee on its physically-backed Bitcoin ETP (ticker: BITC) to 0.15 percent, effective immediately.
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By ETFWorld.co.uk
Jean-Marie Mognetti, CEO and Co-Founder of CoinShares
The reduction applies to the firm’s flagship product, which is the largest physically-backed Bitcoin ETP in Europe by assets under management . According to details confirmed by Borsa Italiana at the time of the product’s recent listing, BITC held over $1.3 billion in AUM as of February 9, 2026 .
The new fee structure, set at 15 basis points, places BITC in direct competition with the lowest-cost Bitcoin ETPs available globally. The move comes as the European market for crypto ETPs undergoes a period of intense competition on pricing, marked by the entry of new issuers over the last twelve months .
Market Context and Recent Listings
The fee cut follows the recent expansion of BITC’s availability in Southern Europe. Since February 9, 2026, the product has been quoted on ETF Plus, the professional segment of Borsa Italiana dedicated to crypto ETPs . This listing in Milan aligns with what CoinShares has identified as a key market for institutional digital asset adoption .
The pricing adjustment also reflects broader trends in digital asset flows. While the U.S. has seen sustained outflows from crypto products, Europe has remained a relative bright spot. In the week leading up to the announcement, European and Canadian products saw combined inflows of $59 million, even as global trading volumes dipped to their lowest levels since July 2025 .
Executive Comments
CoinShares executives framed the reduction as a structural shift rather than a temporary promotion.
“This fee reduction reflects our conviction that accessible pricing must be structural, not promotional,” said Jean-Marie Mognetti, CEO and Co-Founder of CoinShares. “We launched Europe’s first Bitcoin ETP in 2015 with a clear mission: to make digital asset investment accessible to all investors through familiar, regulated structures. As the European leader in digital asset investment, we are passing the benefits of our scale directly to our clients. This is not a fee holiday: it is a permanent commitment to competitive pricing that reinforces our market leadership” .
Romain Barrot, Head of European ETP Products at CoinShares, emphasized that the cost reduction does not come at the expense of product quality.
“Our investors, whether portfolio managers, wealth advisors, or self-directed retail clients, deserve access to Bitcoin exposure at fee levels that reflect the maturity of this market,” Barrot said. “BITC now offers one of the most competitive fee structures among established, physically-backed Bitcoin ETPs in Europe, without compromising on the security, liquidity, or operational standards our clients expect” .
Product Details
The CoinShares Bitcoin ETP (BITC) is structured as a physically-backed product, meaning it holds actual Bitcoin as underlying assets. It is listed on multiple European exchanges, including Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, Nasdaq Stockholm, and Euronext Milan .
Ticker: BITC
ISIN: GB00BLD4ZL17
Structure: Physically-backed
New Management Fee: 0.15% (15 bps)
Status: Permanent, effective immediately
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