VanEck Bold Fee Cut Wins $119M Inflow into Bitcoin ETF

VanEck Bitcoin Trust (HODL), the VanEck Bitcoin ETF, recorded an unmatched daily inflow on Monday. This rally occurred immediately after the asset manager had declared a brave decision to waive management fees for 0% for an entire year. The reduction from the earlier rate of 0.2% is expected to remain effective until March 31, 2025, or until the BTC ETF reaches $1.5 billion in assets under management. The project was aimed at strengthening the fund’s attractiveness relative to the growing number of Bitcoin ETFs that were newly launched.