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International Business Times
International Business Times
Business
Marvie Basilan

VanEck Sets High Bar For Spot Ethereum ETF Launch, To Initially Waive Fee

VanEck's spot Bitcoin ETF, HODL, is one of 11 funds approved by the SEC in January. VanEck YouTube Channel | VanEck Bitcoin Trust (HODL) (Credit: VanEck YouTube/Screenshot)

KEY POINTS

  • VanEck said it will waive the 'entire' fee for the first $1.5 billion in inflows
  • It also hinted that it may decide to waive more fees in the near future
  • VanEck filed an 8-A form – an analyst noted that it filed its BTC ETF 8-A form a week before the fund launched

Investment management firm VanEck has submitted a new filing to the U.S. Securities and Exchange Commission (SEC) that stated it will initially waive the fee for its proposed spot Ethereum (ETH) exchange-traded fund (ETF) before eventually transitioning to charging a 0.20% fee.

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