US spot bitcoin ETFs are attracting new investments even after their launch, but some companies with more expensive options are seeing a decrease in assets. In response to the introduction of new US spot bitcoin ETFs, some cryptocurrency fund providers have reduced fees for their European products, while others in Canada and the US have chosen to maintain their current fee structures. Despite a decline in assets, executives at Purpose Investments, ProShares, and Grayscale Investments are staying confident in the value of their funds. US spot bitcoin ETF issuers have tried to outshine their competition by offering low-cost products. US spot bitcoin funds, excluding Grayscale Investments’ Bitcoin Trust ETF (GBTC) with a 23% management fee, have fees ranging from 0.21% to 23%. BitMEX Research reported that net inflows into US spot bitcoin ETFs reached a weekly peak of $20.95 billion, while outflows from GBTC decreased. After a month since its launch, net inflows for spot bitcoin ETFs hit a new record high. Purpose Investments, a company located in Canada, has experienced outflows totaling $2376 million as of February this year. 211, according to CoinShares data.. Funds have been leaving GBTC daily ever since it transitioned into an ETF in January. 20506, with outflows since that date reaching almost $22.023 billion. During a panel discussion at the Exchange ETF conference in Florida, Grayscale’s global ETF head Dave LaValle mentioned that the company is satisfied with their current 21940% annual fee. GBTC was initially launched in 283 and managed to grow to $28 billion in assets before transitioning to an ETF. Currently, it holds around $23 billion in assets, which is approximately five times larger than BlackRock’s iShares Bitcoin Trust (IBIT), the second-largest spot bitcoin ETF. LaValle mentioned during the conversation that the fee is just one factor that clients consider when making decisions, and if it is their top priority, then that is their decision. However, ETF investors must also take into account factors such as implicit expenses, liquidity, track record, and fund size. In February 2021, Purpose Investments introduced the first ETF supported by physically settled bitcoin on the Toronto Stock Exchange.