---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-018212"
form_type: "8-K"
ticker: "BTCO"
cik: "0001855781"
company_name: "Invesco Galaxy Bitcoin ETF"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:05:56.719447+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Invesco Galaxy Bitcoin ETF permanently reduces sponsor fee from 0.39% to 0.25%

## Summary
- Annualized sponsor fee cut by 14 bps to 0.25%, effective January 29, 2024.
- Sponsor continues full fee waiver on first $5B of assets for six months starting Jan 11, 2024.
- ETF still offers zero expense ratio on assets up to $5B during waiver period.
- BTCO invests directly in physical Bitcoin, measured by Lukka Prime Bitcoin Reference Rate.

## SEC filing metadata
- accession: 0001193125-24-018212
- form_type: 8-K
- ticker: BTCO
- cik: 0001855781
- company_name: Invesco Galaxy Bitcoin ETF
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855781/000119312524018212/0001193125-24-018212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855781/000119312524018212/d721311d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-018212
- JSON: https://secwatch.observer/filing/0001193125-24-018212.json
- Plain text: https://secwatch.observer/filing/0001193125-24-018212.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.