VanEck announced that its spot Ethereum ETF will be fee-free, mirroring its earlier bitcoin ETF strategy. Matthew Sigel, head of digital asset research at VanEck, said the zero-fee strategy aims to become "the preferred provider of cryptocurrency ETFs" and attract more investors, despite the potential for initial losses.
VanEck plans to waive the fee on the first $1.50 billion of assets through 2025, with a 0.20% sponsorship fee thereafter. Franklin Templeton is the only other spot ETH ETF issuer to disclose the fee and waiver, with a 0.19% fee and a waiver of $10 billion for six months.
VanEck has filed an 8-A securities regedit with the SEC, which Bloomberg analyst Eric Balchunas sees as a good sign for the July 2 release. BlackRock's ETH ETF fees are expected to influence other funds' decisions.
VanEck launches zero-fee program, aiming to become a leader in cryptocurrency ETFs
2024-06-25 21:05:15
Vaneck announced that its current goods efang etf will be waived except for feesdesk3cryptocurrencydesktopCrypto News
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