From Nasdaq:

The Securities and Exchange Commission has granted approval for spot bitcoin ETFs, effectively expanding access to cryptocurrency for advisors and investors. However, the recent launch of these products has caused a “buy the rumor, sell the news” scenario, with digital currencies on the decline. But hidden within the drama are key details such as the VanEck Bitcoin Trust (HODL) seeded at $72 million, the Valkyrie Bitcoin Fund charged 0.25% annually and sponsored by Valkyrie Digital Assets, and the Fidelity Wise Origin Bitcoin Trust charging 0.25%. The latter’s fee is being waived until July. At the same time, competitors like Vanguard have barred clients from transacting with the new spot bitcoin ETFs, while others such as CoinShares have been attracted to Valkyrie’s competency.



Read more: Examining Three of the New Spot Bitcoin ETFs