VanEck's Spot #Bitcoin #ETF attracted $109 million in January-March.

The VanEck Bitcoin Trust (HODL) ETF garnered $109 million in inflows during the first quarter. Assets under management rose to 8,711 $BTC ($619.1 million), according to the report.

The net realized profit for the period was $6 million, with total liabilities amounting to $20 million.

"The trust pays the sponsor a unified fee of 0.20% of NAV. [...] Until February 21, 2024, the parameter was 0.25%. From March 12, 2024, to March 31, 2025, the sponsor agreed to fully waive its fee on the first $1.5 billion," the document states.

On May 13, net inflows across all products grew to $66 million. Grayscale's GBTC and BlackRock's IBIT saw no increase. Investors directed $38.57 million into Fidelity's FBTC and $20.26 million into Bitwise's BITB.