VanEck slashes sponsor fees to zero for its Bitcoin Trust ETF, aiming to encourage investment in Bitcoin. This fee waiver, effective until March 31, 2025, applies to the first $1.5 billion in funds, with a standard fee of 0.20% thereafter. Launched two months ago with SEC approval, the ETF has seen a remarkable 87.7% return, reflecting Bitcoin's robust performance. Amidst a competitive ETF landscape, VanEck's initiative underscores a strong belief in Bitcoin's potential, setting a precedent in the asset management sector. This move comes as Bitcoin ETFs gain unprecedented traction in the U.S., signaling a bullish outlook for digital assets.
