By CryptoSlate | Created at 2024-11-25 16:19:38 | Updated at 2024-11-25 18:39:27
2 hours ago
VanEck has extended the fee waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the first $2.5 billion in assets or until Jan. 10, 2026, according to a Nov. 25 statement.
Under the terms, investors will not pay any fees for HODL until the $2.5 billion threshold is reached or until Jan. 10, 2026—whichever comes first. This marks a significant extension from the previous fee waiver deadline of March 31, 2025, based on the $1.5 billion asset cap. According to Farside’s data, HODL’s net asset value is approximately $1.33 billion, reflecting a 124% increase since its inception.
Once the $2.5 billion or January 2026 threshold is reached, investors will be subjected to a 0.20% sponsor fee. In the meantime, HODL remains the only zero-fee spot Bitcoin ETF available in the US.
VanEck’s move comes amid the continued strong investor interest in Bitcoin ETFs despite their launch over 11 months ago.
Data from CoinShares shows that spot Bitcoin ETFs saw record weekly inflows of $3.13 billion, pushing total inflows since mid-September to $15.2 billion. Year-to-date, inflows into crypto-related ETPs have reached $37 billion, primarily driven by inflows into Bitcoin.
Nevertheless, these ETFs’ cumulative performance far surpasses that of US Gold ETUS, which garnered just $309 million in their debut year.
