🔥VanEck announced that its Bitcoin spot ETF will waive some management fees until March 31, 2025
100X Community: Good guys, institutions are also involved, come and buy Bitcoin!
On March 12, VanEck announced that from March 12, 2024 to March 31, 2025, the VanEck Bitcoin Trust (HODL) will waive all management fees for the initial $1.5 billion in trust assets. If trust assets exceed $1.5 billion by March 31, 2025, the management fee on the excess will be 0.20%. All investors will bear the same management fee, which is a weighted average of these rates. After March 31, 2025, the administrative fee will revert to 0.20%.