© Reuters. VanEck Waives Fee for Bitcoin HODL ETF
VanEck is pleased to announce the waiver of its sponsor fee for the VanEck Bitcoin Trust (HODL), which provides exposure to spot bitcoins, effective immediately. This adjustment demonstrates VanEck's commitment to delivering enhanced value to investors, including through competitive pricing.
During the period beginning March 12, 2024 and ending March 31, 2025, the full sponsor fee will be waived for the first $1.5 billion of the Trust's assets. If the Trust's assets exceed $1.5 billion before March 31, 2025, the fee on assets greater than $1.5 billion will be 0.20%. All investors will incur the same sponsor fee, which is the weighted average of those fees. After March 31, 2025, the sponsor fee will be 0.20%.
“We listen to our clients and understand the importance of continually re-evaluating our fee structures to align with their expectations and the dynamic nature of the market,” said Kyle DaCruz, head of digital asset products at VanEck. “This fee waiver reflects our dedication to “providing competitive investment opportunities that meet the needs of investors, and we believe it can encourage even more investors to explore the potential of bitcoin as part of their investment strategy.”
VanEck was the first established ETF issuer to file for a bitcoin-linked ETF in 2017 and its European division currently manages 12 crypto ETPs. In addition to HODL, VanEck's family of digital asset funds includes the VanEck Ethereum Strategy ETF (EFUT)which provide futures-focused exposure to Ethereum, and the VanEck Digital Transformation ETF (DAPP), which provides access to companies driving the growth of the digital asset economy. VanEck also offers several private vehicles focused on digital assets for institutions and accredited investors.
Feed X (formerly Twitter) by VanEck, @vaneck_usis a go-to source for updates on the firm's digital asset efforts and the firm's digital asset research team, led by Matthew Sigelis a prolific producer of ideas about this space.
