VanEck announced that its Bitcoin spot ETF will waive certain management fees until March 31, 2025
ChainCatcher news, VanEck announced that from March 12, 2024, to March 31, 2025, the VanEck Bitcoin Trust (HODL) will waive all management fees on the initial $1.5 billion in trust assets. If the trust assets exceed $1.5 billion before March 31, 2025, the management fee on the excess will be 0.20%. All investors will bear the same management fee, which will be the weighted average of these rates. After March 31, 2025, the management fee will revert to 0.20%.
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