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International Business Times
International Business Times
Business
Marvie Basilan

SHOCKING: Vaneck sets high bar for spot ethereum etf launch to initially waive fee - What They Never Told You

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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