The VanEck Bitcoin Trust (HODL) ETF garnered $109 million in the first quarter of the year. Assets under management increased to 8711 BTC ($619.1 million), according to the report.
The net realized profit for the structure during this period reached $6 million, with total liabilities estimated at $20 million.
“The trust pays the sponsor a unified fee of 0.20% of the NAV. […] Until February 21, 2024, the parameter was 0.25%. From March 12, 2024, to March 31, 2025, the sponsor agreed to completely waive its contribution regarding the first $1.5 billion,” the document states.
On May 13, the net inflow across all products rose to $66 million. GBTC from Grayscale and IBIT from BlackRock showed no growth. Investors directed $38.57 million into FBTC from Fidelity and $20.26 million into BITB from Bitwise.
Hong Kong Summary
On May 13, investors withdrew 519.5 BTC from three spot BTC-ETFs in Hong Kong, and 2270 ETH from ETH-ETFs, according to SoSoValue. Both cases marked the highest outflows since statistics began on April 30.
Earlier in May, BlackRock’s head of digital assets, Robert Mitchnick, predicted a new wave of inflows into instruments due to institutional investor participation.
Previously, Bernstein described the slowdown in bitcoin ETF inflows as temporary.