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VanEck’s Limited ETF Fund Fails to Attract Investors

The VanEck limited bitcoin ETF has not succeeded in attracting too many investors, citing only one instrument issuing, barely managing to get 4 BTC.

Crypto analyst and commentator, Alex Krüger, posted data that illustrated that the net assets in the Bitcoin Trust 144A Shares were a little under $41,000.

Source: VanEck

The low demand for the product was rather unexpected seeing as the community was leaping with joy when the launch was announced. At the time, the bitcoin price saw an impressive increase of $450. Some accredited this bullish rally to the highly-anticipated launch of a bitcoin ETF, but there is no way of saying for sure if this was the only contributing factor.

While the community attributed the poor performance to a stagnation from within the crypto industry, Krüger…

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