VanEck Waives Fee for Bitcoin ETF HODL
VanEck Announces Fee Waiver for Bitcoin Trust (HODL)
VanEck is excited to declare the waiver of its sponsor fee for the VanEck Bitcoin Trust (HODL), offering exposure to spot bitcoin without any fees, effective immediately. This move showcases VanEck’s dedication to providing enhanced value to investors through competitive pricing.
Fee Waiver Details
Starting from March 12, 2024, until March 31, 2025, the sponsor fee will be completely waived for the first $1.5 billion of the Trust’s assets. If the Trust’s assets surpass $1.5 billion before March 31, 2025, a fee of 0.20% will be applicable on assets exceeding this threshold. All investors will face the same sponsor fee, ensuring fairness. Post March 31, 2025, the sponsor fee will stand at 0.20%.
VanEck’s Commitment
“We listen to our clients and adapt our fee structures to meet their expectations and market dynamics,” said Kyle DaCruz, Director of Digital Assets Product at VanEck. “This fee waiver demonstrates our commitment to offering competitive investment opportunities, potentially attracting more investors to explore bitcoin as part of their portfolio.”
Variety of Offerings
VanEck, known for its innovative ETFs, was the first to file for a bitcoin-linked ETF in 2017. Its European arm manages 12 crypto ETPs, including the VanEck Ethereum Strategy ETF (EFUT) and the VanEck Digital Transformation ETF (DAPP). These funds cater to investors seeking exposure to digital assets and companies driving the digital economy.
Engagement and Research
For real-time updates on VanEck’s digital asset endeavors, follow their X (formerly Twitter) feed @vaneck_us. The firm’s digital assets research team, led by Matthew Sigel, offers valuable insights into this evolving space.
