The post VanEck Bitcoin ETF Surpasses $200M Inflows Due to Fee Waivers. appeared first on Coinpedia Fintech News
In the midst of intensifying competition in crypto ETF with soaring investor demand, The VanEck Bitcoin ETF has witnessed a surge in investments, surpassing $200 million, after its decision to waive fees for the first $1.5 billion in assets until March next year, gaining significant investor attention. The inflows were followed by recent fee reduction, from 0.20% to 0%. Since its launch, it has seen massive growth, managing approximately $516 million in assets, reported by Bloomberg. BlackRock Inc. and Fidelity Investments are strong contenders with net inflows of $11.4 billion and $6.4 billion.