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

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