Canada's Evolve Bitcoin ETF, the second to launch after Purpose, is taking the competition head-on by triggering a price war. While the Purpose Bitcoin ETF (BTCC) has gained the first-mover advantage, the Evolve Group is making fee adjustments to grab more market share in the heated Bitcoin ETF market.
As per the recent report from Bloomberg, the Evolve Bitcoin ETF (EBIT) has lowered its price ticker to 0.75% from 1% previously. This makes the Evolve Bitcoin ETF 25% from the 1% expense ratio of its competitor Purpose Bitcoin ETF.
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