VanEck Undercuts Rivals, Offers No-Fee Bitcoin ETF to Lure Investors

• VanEck lowers fees for its spot Bitcoin ETF to 0%, undercutting BlackRock's 0.2% fee • Fee waiver aimed at attracting more investors and being competitive in the growing Bitcoin ETF market • VanEck's Bitcoin ETF has drawn $297 million so far, while BlackRock's leads with over $13 billion • Other Bitcoin ETFs like Bitwise, Ark 21 Shares, and Invesco Galaxy launched with 0% fees • More firms competing in space as SEC approved 11 Bitcoin ETFs in January, trying to lure investors