An anonymous director reports

INVESCO AND GALAXY DROP THE SPONSOR FEE ON INVESCO GALAXY BITCOIN ETF (BTCO)

Invesco Ltd., in partnership with Galaxy Digital Holdings Ltd.'s Galaxy Asset Management, has reduced Invesco Galaxy Bitcoin ETF's (BTCO) sponsor fee by 14 basis points, lowering the total expense ratio from 0.39 per cent to 0.25 per cent.

Invesco continues to waive BTCO's entire fee on assets up to $5-billion for BTCO's first six months of operations, effectively bringing the total expense ratio of BTCO to zero basis points, with the discretion to extend the fee waiver further.

Invesco's partnership with Galaxy Asset Management, an affiliate of Galaxy Digital Holdings Ltd., combines the unparalleled strengths of both companies in the management of BTCO. These tenures in the ETF and digital assets space differentiates BTCO from its peers, bringing seasoned expertise and institutional-grade infrastructure to the process. Galaxy also conducts some of the most comprehensive and in-depth thought leadership and research on digital assets. Investors can pair this research with the ETF expertise of Invesco's dedicated product strategy teams to stay current on important developments in the digital asset space.

BTCO invests directly in physical bitcoin to allow investors to access the performance of the market price of bitcoin, as measured by the Lukka Prime Bitcoin reference rate through an ETF structure to provide additional safeguards and ease of trading.

About Galaxy Digital Holdings Ltd.

Galaxy is a digital asset and blockchain leader providing access to the growing digital economy. It serves a diversified client base, including institutions, start-ups and qualified individuals. Since 2018, Galaxy is building a holistic financial platform spanning three complementary operating businesses: global markets, asset management and digital infrastructure solutions. Galaxy's offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in New York, with global offices across North America, Europe and Asia.

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