Odaily Planet Daily News VanEck recently disclosed that it will waive fees for its spot Ethereum ETF, following its earlier Bitcoin ETF strategy. Matthew Sigel, head of digital asset research at VanEck, said the zero-fee strategy is designed to make VanEck the "preferred provider of cryptocurrency ETFs." Sigel added that despite initial losses, VanEck believes its approach will "resonate" with a variety of investors and help increase investor interest in Ethereum and the role the product can play in their portfolios. In addition, low fees are also expected to lower the entry barrier for new investors. VanEck disclosed its fee reduction plan in an S-1 amendment on June 22, intending to waive fees on the first $1.5 billion of assets by 2025, and then charge a 0.2% sponsor fee. In addition, Franklin Templeton disclosed that the sponsor fee for its Ethereum spot ETF is 0.19%, with an exemption of $10 billion for a period of six months. Both fees are comparable to the lowest spot Bitcoin ETF fees. Except for Grayscale GBTC, which has a fee of 1.5%, the fees of spot Bitcoin ETFs are mostly between 0.19% and 0.39%. (CryptoSlate)