Trading Volume of VanEck’s Spot Bitcoin ETF Soars by More Than 14 Times in Anticipation of Fee Cut

• On the eve of its fee reduction strategy, VanEck’s Bitcoin ETF saw a trading volume spike, recording over $258 million on February 20th.
• The activity involved about 32,000 different investors, signaling strong market interest.
• This peak is a striking jump from VanEck’s last high, which was around $25 million on January 11th.

The day prior to introducing a lower fee scheme, the VanEck Bitcoin ETF saw an unprecedented rise in its trading volume, reaching 14 times the usual figures. This stride is part of VanEck’s efforts to maintain a competitive edge in the dynamic crypto ETF landscape.

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VanEck ETF Sees Dramatic Uptick in Investor Participation

Data from Bloomberg’s Eric Balchunas shows that on February 20th, the VanEck Bitcoin Trust ETF (referred to as HODL) recorded a trading volume surpassing $258 million with approximately 32,000 individual participants. This represents a substantial increase from their past records, both in trading volume and investor count.

This remarkable activity was seen ahead of a major fee cut from VanEck’s ETF, which went from 0.25% to 0.2%, effective February 21st. This adjustment is a strategic move to offer more competitive rates compared to peers like BlackRock and Fidelity.

With the market shifting, VanEck also opted to pour more into its latest crypto product, the HODL ETF, by discontinuing its Bitcoin futures ETF. In a further commitment to Bitcoin’s progress, they have dedicated 5% of HODL ETF profits to Bitcoin core development.

Showing continued investment in the crypto space, VanEck is also anticipating approval for its spot Ethereum ETF, with a plan to donate 10% of its Ethereum ETF profits to Ethereum development over the next 10 years.

The strategic direction taken by VanEck mirrors the growing competitive landscape of crypto ETFs, where differentiation and market capture is increasingly critical.

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