Wednesday, December 25, 2024

VanEck extends zero-fee waiver for HODL Bitcoin ETF to $2.5 billion or 2026

VanEck has prolonged the price waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the primary $2.5 billion in belongings or till Jan. 10, 2026, based on a Nov. 25 assertion.

Beneath the phrases, traders is not going to pay any charges for HODL till the $2.5 billion threshold is reached or till Jan. 10, 2026—whichever comes first. This marks a big extension from the earlier price waiver deadline of March 31, 2025, based mostly on the $1.5 billion asset cap. Based on Farside’s information, HODL’s web asset worth is roughly $1.33 billion, reflecting a 124% enhance since its inception.

As soon as the $2.5 billion or January 2026 threshold is reached, traders will likely be subjected to a 0.20% sponsor price. Within the meantime, HODL stays the one zero-fee spot Bitcoin ETF obtainable within the US.

Kyle USruz, VanEck’s Director of Digital Property Product, stated:

“January 10 marks the anniversary of the SEC’s approval of the primary US-listed spot bitcoin exchange-traded merchandise—a watershed second that we at VanEck had been working in direction of for near a decade. It appears becoming to honor that milestone and prolong the price waiver on HODL with that date in thoughts.”

Document inflows

VanEck’s transfer comes amid the continued sturdy investor curiosity in Bitcoin ETFs regardless of their launch over 11 months in the past.

Information from CoinShares exhibits that spot Bitcoin ETFs noticed file weekly inflows of $3.13 billion, pushing whole inflows since mid-September to $15.2 billion. 12 months-to-date, inflows into crypto-related ETPs have reached $37 billion, primarily pushed by inflows into Bitcoin.

Based on CoinShares, BlackRock’s iShares Bitcoin Belief (IBIT) dominates the circulate, with a year-to-date circulate of $33.15 billion, adopted by Constancy’s Smart Origin Bitcoin Fund (FBTC) with flows of $11.5 billion.

Conversely, Grayscale’s Bitcoin Belief (GBTC) skilled web outflows of greater than $20 billion throughout the identical interval.

However, these ETFs’ cumulative efficiency far surpasses that of US Gold ETUS, which garnered simply $309 million of their debut yr.

The publish VanEck extends zero-fee waiver for HODL Bitcoin ETF to $2.5 billion or 2026 appeared first on CryptoSlate.

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