VanEck Leads Cost Battle Ethereum Spot ETF Set to Launch on July 2nd

VanEck, also a Bitcoin spot ETF issuer, has reduced fees for its VanEck Bitcoin ETF (HODL) approximately two months after its launch, in an attempt to increase fund inflows. VanEck has waived fees for the ETF until March 31, 2025, or until its assets reach $1.5 billion, after which it will resume charging a fee of 0.2%. As of June 25, HODL has seen approximately $518 million in fund inflows, with assets under management totaling $611 million, ranking fifth among all Bitcoin spot ETFs, trailing only BlackRock, Fidelity, Ark Invest, and Bitwise.