VanEck’s spot Bitcoin exchange-traded fund (ETF) attracted more than $200 million in investment after waiving fees on the first $1.5 billion of assets, according to Bloomberg. The free period will last until the end of March next year. Competition among cryptocurrency ETF issuers is heating up amid strong investor demand for Bitcoin exposure. The VanEck Bitcoin Trust has attracted $333 million in net inflows since its launch in January, the bulk of which came in the past two days. The fund's fees have been reduced from 0.20%, according to Bloomberg data. This is the second fee reduction for the fund as it seeks to compete with rivals such as BlackRock and Fidelity Investments. The two companies attracted net inflows of $11.4 billion and $6.4 billion respectively. Other issuers, such as Bitwise and Invesco Ltd., are also waiving fees temporarily or until their funds reach a certain size.

#比特币ETF