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© Reuters. VanEck waives fee for Bitcoin ETF HODL
VanEck is pleased to announce the waiver of its sponsorship fee VanEck Bitcoin Trust (HODL), which allows exposure to spot Bitcoin effective immediately. This adjustment demonstrates VanEck’s commitment to providing investors with added value, including through competitive pricing.
During the period March 12, 2024 through March 31, 2025, the entire sponsorship fee for the first $1.5 billion of Trust assets will be waived. If the trust’s assets exceed $1.5 billion before March 31, 2025, the fee for assets over $1.5 billion will be 0.20%. All investors are charged the same sponsorship fee, which is the weighted average of these fee rates. After March 31, 2025, the sponsorship fee is 0.20%.
“We listen to our customers and understand the importance of continually re-evaluating our fee structures to align with their expectations and market dynamics,” said Kyle DaCruz, Director, Digital Assets Product at VanEck. “This fee waiver reflects our commitment to providing competitive investment opportunities that meet investors’ needs, and we believe this 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 arm currently manages 12 crypto ETPs. In addition to HODL, VanEck’s Digital Assets fund family also includes the VanEck Ethereum Strategy ETF (EFUT)which offer futures-focused exposure to Ethereum, and the VanEck Digital Transformation ETF (DAPP), which provides access to companies driving the growth of the digital assets economy. VanEck also offers several digital asset-focused private vehicles for institutions and accredited investors.
VanEck’s X-Feed (formerly Twitter), @vaneck_usis a destination for updates on the company’s digital asset efforts and the company’s digital assets research team, led by Matthew Sigelis a prolific producer of Insights into this space.
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