Rising investor appetite for BTC exposure is fueling fierce competition in the ETF industry.
It follows the recent fee cut from 0.20% to 0%, which further bolsters investor confidence.
After deciding to eliminate fees for the first $1.5 billion in assets until March of next year, the VanEck Bitcoin exchange-traded fund (ETF) saw an influx of investments reaching $200 million. Rising investor appetite for Bitcoin exposure is fueling fierce competition in the crypto ETF industry, which is why this move was made.
At the same time, the competition among ETF issuers to gain investors has heated up in response to the recent spike in Bitcoin price, which has recorded a new record high.
Substantial Inflows
Investors are showing a lot of interest in VanEck’s Spot Bitcoin ETF. The fund has already raised over $200 million in two days, and the fee exemptions will continue until March 2025. According to Bloomberg, the VanEck Bitcoin Trust (HODL) has grown substantially since its int
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