According to Cointelegraph on the 26th (local time), VanEck is a Bitcoin-related cryptocurrency that is highly competitive.
In an effort to attract investors to the coin exchange-traded index fund (ETF) market, the company announced on the 25th that it would extend the fee waiver period for the VanEck Bitcoin ETF (HODL).
As a result, management fees for up to $2.5 billion (approximately 380.6 billion yen) of the Vantec Bitcoin Spot ETF will be waived until January 10, 2026.
The fee waiver was set to expire in March 2025, but only applied to assets under management (AUM) of $1.5 billion, BurnEck said.
"Amid investor enthusiasm for Bitcoin, Hashtag is a hotbed of cryptocurrency," Kyle DaCruz, head of digital asset products at VanEck, said in a statement.
"The ODL ETF has met our initial $1.5 billion threshold," he said. "This extension of the fee waiver will enable investors to add Bitcoin and digital assets to their portfolios."
"We hope this will encourage them to explore the possibility of incorporating Bitcoin into their cryptocurrency," he added. Most of the Bitcoin and Ethereum ETFs listed in 2025 will be forex-only when launched.
Generally, cryptocurrency ETF issuers will end fee waivers within six months to one year after the fund is launched.
2024/11/27 16:09 KST
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