© Reuters.
VanEck is pleased to announce the waiver of its sponsor fee for the VanEck Bitcoin Trust (HODL), which provides exposure to spot bitcoin, effective immediately. This adjustment demonstrates VanEck’s commitment to delivering enhanced value to investors, including through competitive pricing.
During the period starting March 12, 2024 and ending on March 31, 2025, the entire sponsor fee will be waived for the first $1.5B of the Trust’s assets. If the Trust’s assets exceed $1.5B prior to March 31, 2025, the fee on assets over $1.5B will be 0.20%. All investors will incur the same sponsor fee, which is the weighted average of those fee rates. After March 31, 2025, the sponsor fee will be 0.20%.
“We listen to our clients and understand the importance of continually reassessing our fee structures to align with their expectations and the dynamic nature of the market,” said Kyle DaCruz, Director, Digital Assets Product with VanEck.“This fee waiver reflects our dedication to providing competitive investment opportunities that meet the needs of investors, and we believe it may 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 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 assets economy. VanEck also offers several digital assets-focused private vehicles for institutions and accredited investors.
VanEck’s X (formerly Twitter) feed, @vaneck_us, is a go-to source for updates on the firm’s digital asset efforts, and the firm’s digital assets research team, led by Matthew Sigel, is a prolific producer of insights on this space.
