VanEck Announces No Fees for New Spot Ethereum ETF; Launching July 2
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VanEck and Franklin Templeton are the only companies that have announced their fees for spot Ethereum ETFs. Other companies are waiting to see what BlackRock decides before making their move.
On Tuesday, June 25, VanEck filed Form-8A for its spot Ethereum ETF and also revealed that it would waive the ETF fees until 2025 or until the assets reach $1.5 billion, whichever comes first. Analysts expect the Ethereum ETFs to launch on July 2, and VanEck is already increasing competition by making bold moves.
In a recent email to ETF.com, Matthew Sigel, head of digital assets at VanEck, outlined the firm’s strategic approach to crypto ETFs. Sigel emphasized that VanEck “aims to be a leader on crypto ETF fees even if it means we lose money at the outset.”
