VanEck has announced it will waive the entire sponsor fee for the first $1.5 billion of assets in its VanEck Bitcoin Trust, from March 12, 2024, to March 31, 2025, unless its assets under management hit $1.5 billion before that date. This move positions VanEck alongside other spot Bitcoin ETF firms that have also waived sponsor fees, directly competing with BlackRock's leading offering. The decision led to VanEck's spot bitcoin ETF, $HODL, experiencing its largest inflow of nearly $120 million on Monday, following the reduction of the management fee to 0%.
VanEck's spot #bitcoinetf $HODL saw its largest inflow of nearly $120 million on Monday after cutting the management fee to 0%. @sndr_krisztian reports https://t.co/YWHg3jBBv7
VanEck said it will waive the fee for investing in its spot bitcoin ETF until March 31, 2025 unless its assets under management hit $1.5 billion before that date. @tikta_ reports https://t.co/EThzICyUcM
VanEck joins other spot Bitcoin ETF firms in waiving sponsor fees, undercutting the top offering from BlackRock. https://t.co/Xj5mVhfEbc
❖ VANECK SAYS WILL WAIVE ENTIRE SPONSOR FEE FOR FIRST $1.5 BILLION OF ASSETS IN VANECK BITCOIN TRUST, FROM MARCH 12, 2024 TO MARCH 31, 2025
VANECK SAYS WILL WAIVE ENTIRE SPONSOR FEE FOR FIRST $1.5 BILLION OF ASSETS IN VANECK BITCOIN TRUST, FROM MARCH 12, 2024 TO MARCH 31, 2025