VanEck Zero Fees on Bitcoin Trust ETF to Boost Investment

March 12th, 2024
VanEck slashes sponsor fees to zero for its Bitcoin Trust ETF, aiming to encourage investment in Bitcoin. This fee waiver, effective until March 31, 2025, applies to the first $1.5 billion in funds, with a standard fee of 0.20% thereafter. Launched two months ago with SEC approval, the ETF has seen a remarkable 87.7% return, reflecting Bitcoin's robust performance. Amidst a competitive ETF landscape, VanEck's initiative underscores a strong belief in Bitcoin's potential, setting a precedent in the asset management sector. This move comes as Bitcoin ETFs gain unprecedented traction in the U.S., signaling a bullish outlook for digital assets.
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