Golden Finance reported that VanEck announced that its spot Ethereum ETF will be exempt from fees, following its earlier Bitcoin ETF strategy. Matthew Sigel, head of digital asset research at VanEck, said that the zero-fee strategy aims to become the "preferred provider of cryptocurrency ETFs" and attract more investors, despite the potential losses in the early stages. VanEck plans to waive fees on the first $1.5 billion of assets by 2025, and then charge a 0.20% sponsorship fee. Franklin Templeton is the only other spot ETH ETF issuer that discloses fees and exemptions, with a fee of 0.19% and an exemption of $10 billion for a period of six months. VanEck has submitted an 8-A securities registration form to the SEC, which Bloomberg analyst Eric Balchunas believes is a good sign for its release on July 2. BlackRock's ETH ETF fees are expected to affect the decisions of other funds.
