VanEck will not charge management fees for its spot Bitcoin ETF until March 31, 2025. The fund's total net inflow since trading began was $251.39 million.
According to the company's official statement, the special offer may be canceled earlier if the ETF's assets under management (AUM) exceeds $1.5 billion, in which case the commission will be 0.2%.
According to SoSo Value, the VanEck Bitcoin Trust (HODL) controls $305.7 million in Bitcoin. The ETF had net inflows of $118.85 million on March 11, 2024.
This is more than, for example, ARK 21Shares Bitcoin ETF (ARKB), which is much higher in the ranking:
As a result of the news, the fund's share price jumped by more than 4%. The position is trading at $81.81 premarket, according to Yahoo Finance:
Let us remind you that on March 11, 2024, Bitcoin updated its historical maximum and surpassed silver in capitalization. This directly affects the activity and performance of spot ETFs based on the first cryptocurrency.
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