VanEck announced an extension of the fee waiver for its Bitcoin ETF (HODL) to attract investors, Cointelegraph reported. The management fee waiver applies to the first $2.5 billion in net assets until January 10, 2026.
Previously, the fee waiver was scheduled to expire in March 2025 and only applied to the first $1.5 billion in assets. Kyle DaCruz, director of digital asset products at VanEck, said the extension of the fee waiver was intended to encourage investors to explore the potential of Bitcoin and digital assets.
The VanEck Bitcoin ETF has a management fee of 0.20%, higher than the Grayscale Bitcoin Mini Trust’s 0.15%. Currently, VanEck’s net assets are about $1.28 billion, lagging behind the iShares Bitcoin Trust’s $46 billion.
Since its launch in January, Bitcoin ETFs have dominated the market. On November 21, the net assets of U.S. BTC ETFs exceeded $100 billion for the first time.
