VanEck has prolonged the payment waiver for its Bitcoin HODL spot exchange-traded fund (ETF) to the primary $2.5 billion in belongings or till January 10, 2026, based on a November 25 launch.
Underneath the phrases, buyers is not going to pay any charges to HODL till the $2.5 billion threshold is reached or till January 10, 2026, whichever comes first. It is a important extension from the earlier payment waiver deadline of March 31, 2025, primarily based on the $1.5 billion asset cap. In accordance with Farside knowledge, HODL web asset worth stands at roughly $1.33 billion, a rise of 124% since its inception.
As soon as the $2.5 billion threshold or January 2026 is reached, buyers shall be topic to a 0.20% sponsorship payment. Within the meantime, HODL stays the one no-fee spot Bitcoin ETF out there in america.
Kyle USruz, Director of Digital Asset Merchandise at VanEck, mentioned:
“January 10 marks the anniversary of the SEC's approval of the primary U.S.-listed bitcoin spot exchange-traded merchandise – a watershed second that we at VanEck had been working towards for almost a decade. It appears acceptable to honor this milestone and lengthen the payment waiver on HODL with this date in thoughts.
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VanEck's choice comes amid continued robust investor curiosity in Bitcoin ETFs regardless of their launch greater than 11 months in the past.
Knowledge from CoinShares exhibits that spot Bitcoin ETFs noticed document weekly inflows of $3.13 billion, bringing whole inflows since mid-September to $15.2 billion. 12 months-to-date, flows into crypto-related ETPs have reached $37 billion, pushed primarily by flows into Bitcoin.
In accordance with CoinShares, BlackRock's iShares Bitcoin Belief (IBIT) dominates the circulation, with a cumulative circulation of $33.15 billion, adopted by Constancy's Smart Origin Bitcoin Fund (FBTC) with flows of $11.5 billion. .
Conversely, Grayscale's Bitcoin Belief (GBTC) noticed web outflows of over $20 billion throughout the identical interval.
Nonetheless, the cumulative efficiency of those ETFs far exceeds that of US Gold ETUS, which solely raised $309 million in its first yr.
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