Bitcoin ETFs See Record Inflows as Major Firms Launch Reduced-Fee Products

BlackRock launched iShares Bitcoin Trust (IBIT), which recently saw a record $849 million inflow and holds 204,000 Bitcoin worth around $15 billion. It has implemented a reduced 0.12% fee for the first year.

ARK 21Shares's Bitcoin ETF ARK (ARKB) holds 38,000 Bitcoin worth $2 billion and offers a fee waiver for the first 6 months up to $1 billion in assets.

Grayscale converted its $27 billion bitcoin trust into a spot bitcoin ETF called Grayscale’s Bitcoin Trust ETF (GBTC), but it charges a higher 1.5% annual fee.

VanEck temporarily waived the fee on its Bitcoin Trust (HODL) to 0% until March 2025 or until the fund reaches $1.5 billion in assets.

Spot bitcoin ETFs hit a record by attracting more than $1 billion in net inflows as Bitcoin reached its all-time high price earlier this week.