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VanEck Waives Sponsor Fee for Bitcoin Trust to Enhance Investor Value

VanEck announces fee waiver for its Bitcoin Trust, aiming to boost investment value and attract more investors.
Published on 2024-03-12

VanEck Waives Fees for Bitcoin Trust

VanEck has announced the waiver of its sponsor fee for the VanEck Bitcoin Trust (HODL), effective immediately. This strategic move is designed to enhance value for investors by offering competitive pricing.

Fee Waiver Details

From March 12, 2024, to March 31, 2025, the sponsor fee for the first $1.5 billion of the Trust's assets will be completely waived. Should the Trust's assets exceed $1.5 billion before the deadline, a fee of 0.20% will apply to the excess. After March 31, 2025, a flat sponsor fee of 0.20% will be reinstated.

Commitment to Investor Needs

VanEck emphasizes its dedication to aligning fee structures with investor expectations and market dynamics. This initiative is expected to encourage broader investor interest in bitcoin as a strategic investment option.

VanEck’s Digital Asset Portfolio

VanEck has a history of pioneering efforts in the digital asset space, being the first established ETF issuer to file for a bitcoin-linked ETF in 2017. The company currently manages an extensive array of crypto ETPs through its European division. In addition to the Bitcoin Trust, VanEck offers the Ethereum Strategy ETF (EFUT) for futures-focused exposure to Ethereum and the Digital Transformation ETF (DAPP) for access to digital economy growth companies.

Staying Informed

Investors can stay updated on VanEck’s digital asset initiatives through its social media feed and research team, which consistently delivers insights into the evolving digital assets landscape.

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