Coinspeaker
VanEck’s HODL Spot Bitcoin ETF Receives Record Inflow of $119M after Waiving Management Fee

Global investment manager VanEck has recorded an all-time high (ATH) in inflow for its spot Bitcoin (BTC) exchange-traded fund (ETF) after the company suspended its management fee. According to data from BitMEX Research, the VanEck Bitcoin Trust ETF (HODL) saw $119 million in new inflows, a record for the ETF issuer since launching the product in January.

VanEck Record Inflow Came after Suspending Fees

On Monday, VanEck announced its decision to waive management fees on HODL for up to a year. In an X post, the ETF issuer noted that the action is “because we believe in Bitcoin so much”. VanEck, already charging one of the lowest spot BTC ETF fees, announced that there will be no fees until March 31, 2025, unless the ETF’s assets under management (AUM) cross $1.5 billion before then. The $118.8 million HODL received is the largest-ever for the ETF and a 736% spike from its second-largest of $14...