VanEck Temporarily Drops Management Fee for Bitcoin ETF HODL

bitcoin DROPS ETF for 2024-03-12 56
VanEck has announced that it will temporarily waive the management fee for its HODL spot bitcoin ETF until March 31, 2025, unless the fund reaches $1.5 billion in assets before that date. The move comes as HODL's assets are currently well below those of its competitors. Previously, HODL charged a fee of 0.2%, which was already one of the lowest among its peers. VanEck claims that the fee drop is due to its belief in bitcoin, but it's possible that the fund's less successful start compared to its competitors may have played a role in the decision.