VanEck launches zero-fee plan, aiming to become a leader in cryptocurrency ETFs

Golden Finance reported that VanEck announced its spot Ethereum ETF will be fee-free, following its earlier Bitcoin ETF strategy. Matthew Sigel, Director 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 potential initial losses. VanEck plans to waive fees for the first $1.5 billion in assets before charging a 0.20% expense ratio by 2025. Franklin Templeton is the only other spot ETH ETF issuer to disclose expenses and waivers, with fees of 0.19%, a waiver amount of $10 billion, and a six-month period. VanEck has submitted an 8-A securities registration form to the SEC, which Bloomberg analyst Eric Balchunas believes is a positive sign following its release on July 2. It is expected that the fees of BlackRock’s ETH ETF will affect the decisions of other funds.