Ethereum

Franklin

HODL

<ul>
 <li><strong>VanEck waives fees on its Ethereum ETF to expedite asset growth, aiming for $1.5 billion by 2025.</strong></li>
 <li><strong>Positioned competitively against rivals like Franklin Templeton, VanEck leverages strategic fee adjustments to attract investors.</strong></li>
</ul>
<p>Following an update from CNF, VanEck has reiterated its commitment to Ethereum, <a href="https://www.crypto-news-flash.com/hedge-funds-anticipate-sec-approval-for-ethereum-etfs-vaneck-predicts/" rel="noopener noreferrer nofollow">predicting that ETFs for this altcoin will eventually surpass those for Bitcoin</a>, despite Ethereum’s struggle to reclaim the $3,600 level. VanEck announced it will waive fees on its proposed spot Ethereum ETF until it surpasses $1.5 billion in assets or until 2025, whichever comes first, after which a 0.2% fee will be charged.</p>
<p>As highlighted in Today’s CNF YouTube video, VanEck’s approach mirrors its strategy with its Bitcoin Trust, where fees were also waived to boost inflows. Managing $102 billion in assets, the firm aims to lead the competitive crypto ETF fee landscape to<a href="https://www.crypto-news-flash.com/vanecks-bitcoin-etf-set-to-debut-on-australian-stock-exchange/" rel="noopener noreferrer nofollow"> foster investments in Ethereum</a>.</p>
<p><iframe title="VanEck Introduces Fee-Free Spot Ethereum ETF, Aims for $1.5B in Assets by 2025" width="788" height="443" src="https://www.youtube.com/embed/mk6_FqB96SA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>This initiative arrives amidst stiff competition; notably, Franklin Templeton charges 0.19% for its Ethereum fund, with other major issuers still to declare their fees.</p>
<p>Furthermore, according to the ETF news dated May 25, 2024, VanEck is venturing into a fiercely competitive market alongside firms like Franklin Templeton, which charges 0.19% for its spot Ethereum fund. This situation is similar to the earlier battles among <a href="https://www.crypto-news-flash.com/breaking-grayscale-wins-legal-battle-against-sec-for-bitcoin-etf-skyrocketing-btc-price/" rel="noopener noreferrer nofollow">spot Bitcoin ETFs</a>.</p>
<h2 id="will-targets-1-5b-aum-by-2025-be-achievable">Will Targets $1.5B AUM by 2025 be achievable?</h2>
<p>Strategic moves have positioned VanEck as a frontrunner in low ETF fees for cryptocurrencies, replicating its strategy from its Bitcoin Trust. However, &nbsp;in achieving the $1.5 billion target by 2025 will depend on continued investor interest and market dynamics. Nevertheless, this method is expected to catalyze interest and investment in Ethereum, widening its appeal in <a href="https://www.crypto-news-flash.com/irs-teams-up-with-chainalysis-to-tax-bitcoin-ethereum-and-litecoin-in-us-residents-crypto-portfolios/" rel="noopener noreferrer nofollow">investment portfolios</a>.</p>
<p>Moreover, the news also noted that VanEck has waived the fee on the fund until March 31, 2025, unless the ETF reaches $1.5 billion in assets, at which point a 0.2% fee will be implemented. To date, HODL has accumulated about $525 million in inflows.</p>
<p>As shown in the ETH Price chart below, Ethereum (ETH) currently stands at <strong>$3,378.58</strong>, marking a modest increase of <span style="color: #008000;"><strong>0.28%</strong></span> over the past day, although it has seen a decrease of <span style="color: #ff0000;"><strong>4.36%</strong></span> over the past week.</p>
<p><span data-sheets-root="1" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}" data-sheets-userformat="{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}"></span></p>
<div class="cryptoboxes" id="mcw-418525" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="ethereum" data-symbol="ETH" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

VanEck Launches Fee-Free Spot Ethereum ETF, Targets $1.5B AUM by 2025

قائمة المحتويات

Crypto News Flash

المزيد من المقالات نُشرت في ٢٦ يونيو ٢٠٢٤

FuturePlay.com Releases Artifacts NFT Series, Raising Over $5 Million in Private Round

Pepe, Dogecoin, Shiba Inu Back Among Gainers As Memecoins Eclipse Bitcoin, Ethereum Spike

Toncoin (TON) Becomes Strongest Cryptocurrency on Market, Watch This Shiba Inu (SHIB) Level for R...

LINK and Cardano Attract Investors In The Bull Run; What Is Cosmic Kittens’ Fate?

Is crypto’s greatest crash around the corner? The threat of Tether’s (USDT) collapse

MoonBag Coin: Leading the Way Against Slothana and Bonk in 2024 Crypto Presales

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.