VanEck’s zero fees are part of plan to become the ‘go-to provider for crypto ETFs’

VanEck’s zero fees are part of plan to become the ‘go-to provider for crypto ETFs’
фото показано с : cryptoslate.com

2024-6-26 23:30

VanEck recently disclosed it would waive fees for its spot Ethereum ETF, adopting a similar strategy to its Bitcoin counterpart launched earlier this year.

The firm’s head of digital assets research, Matthew Sigel, told ETF.com that the waiver is part of VanEck’s plan to become the “go-to provider for crypto ETFs.”

He said:

“We aim to be a leader on crypto ETF fees even if it means we lose money at the outset.”

Sigel added that VanEck is confident its approach will “resonate” with investors across the spectrum and help drive more interest in Ethereum and the role it can play in their portfolios. He added that the lack of fees is also expected to lower the barrier of entry for new investors.

Sigel told CryptoSlate that the firm has “generated significant conviction in Ethereum” as an asset and will also benefit financially from potential price gains as on-chain activity continues to grow — helping to potentially recoup some of the “losses” incurred from the waived fees.

The news comes alongside VanEck’s submission of an 8-A securities registration form to the SEC on June 25. Bloomberg ETF analyst Eric Balchunas described the filing as routine but called the update a “good sign” for his over/under launch date prediction of July 2.

ETH ETF fees largely pending

VanEck disclosed its plans for a fee waiver in an S-1 amendment on June 22. It plans to waive the first $1.5 billion in assets until an unstated date in 2025 before imposing a 0.20% sponsor fee.

Franklin Templeton is the only other spot ETH ETF issuer that has disclosed a fee and waiver. It disclosed a 0.19% sponsor fee and a $10 billion waiver for six months.

Both fees are comparable to the lowest spot Bitcoin ETF fees. Fees for spot BTC ETFs largely span from 0.19% to 0.39%, apart from Grayscale’s GBTC, which has a 1.5% fee.

In January, spot Bitcoin ETF issuers competed heavily on fees and waivers. While spot ETH ETF issuers have yet to compete to the same extent, Eric Balchunas believes BlackRock’s eventual ETH ETF fee will influence other funds’ decisions, calling it the “sun that the rest will need to orbit around.”

The post VanEck’s zero fees are part of plan to become the ‘go-to provider for crypto ETFs’ appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

vaneck etf fees earlier year counterpart strategy

vaneck etf → Результатов: 126


VanEck сообщили о запуске фьючерсного Ethereum-ETF

Компания VanEck объявила о запуске VanEck Ethereum Strategy ETF (EFUT). В пресс-релизе сказано, что это новый ETF, предназначенный для повышения стоимости капитала путем инвестирования во фьючерсные контракты на Ethereum.

2023-10-2 17:02


Фото:

VanEck снова подала заявку на запуск спотового ETF на биткоин

Американская компания по управлению активами VanEck в очередной раз подала заявку в Комиссию по ценным бумагам и биржам США (SEC) на запуск спотового биржевого фонда на биткоин (ETF).

2022-7-1 10:33


Фото:

Vaneck Files for Crypto ETF That Gives Investors Exposure to Equity in Digital Asset Companies

The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to the cryptocurrency industry. Last December, the asset manager, […]

2021-1-23 01:30


Заявку на Bitcoin ETF от VanEck внесли в федеральный реестр: у SEC есть 45 дней на принятие решения

Борьба за легализацию Bitcoin ETF продолжается. Комиссия по ценным бумагам и биржам США (SEC), которая регулирует работу биржевых фондов, согласилась рассмотреть предложение от VanEck, SolidX Partners и CBOE.

2019-2-21 13:40


VanEck’s Chief Strategist Eyes Multi-Billion Dollar Investment in Bitcoin ETF

The launch of the first Bitcoin exchange-traded fund (ETF) could witness the space attracting as little as a few billion dollars, predicted Gabor Gurbacs. The director of Digital Assets Strategy at VanEck made the bullish prediction during an interview with CNBC Crypto Trader hosted by Ran Neuner, while explaining the possible outcomes from a successful.

2018-11-9 13:06


Фото:

VanEck Letter To SEC Details ‘Appropriate’ Answers To Bitcoin ETF Worries

Investment management firm VanEck has lobbied the US Securities and Exchange Commission (SEC) in a fresh attempt to interest the regulator in authorizing a Bitcoin exchange-traded fund (ETF). VanEck: Proposed ETF ‘Consistent’ With Law In a letter dated July 20, VanEck, which earlier this month announced it planned to collaborate with fellow operator SolidX to launch a fund, reiterated its belief that the industry was both ready and able to support it.

2018-7-24 19:00


Фото:

VanEck and SolidX File for Physically Traded Bitcoin “Solid” ETF

New York-based investment management firm, VanEck has partnered with SolidX blockchain and Fintech company,  as part of a strategic move to launch a Bitcoin-backed ETF.   A Tall Ambition? According to an ETF Strategy report,VanEck asset management company in conjunction with SolidX blockchain and Fintech firm have drafted a joint SEC filing for a physically-backed bitcoin ETF that will be insured.

2018-7-17 23:00


Фото:

SEC ожидает комментарии по еще одному Bitcoin-ETF

Комиссия США по ценным бумагам и биржам (SEC) в очередной раз запросила комментарии относительно потенциального биржевого фонда на основе Bitcoin (ETF). Регулятор ценных бумаг попросил предоставить комментарии относительно предложения Cboe по торговле на бирже ETF SolidX Bitcoin Shares, который, в свою очередь, был предложен VanEck SolidX Bitcoin Trust.

2018-6-28 23:47