VanEck has prolonged the charge waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the primary $2.5 billion in belongings or till Jan. 10, 2026, based on a Nov. 25 assertion.
Underneath the phrases, buyers won’t pay any charges for HODL till the $2.5 billion threshold is reached or till Jan. 10, 2026—whichever comes first. This marks a major extension from the earlier charge waiver deadline of March 31, 2025, based mostly on the $1.5 billion asset cap. In keeping with Farside’s information, HODL’s internet asset worth is roughly $1.33 billion, reflecting a 124% improve since its inception.
As soon as the $2.5 billion or January 2026 threshold is reached, buyers will probably be subjected to a 0.20% sponsor charge. Within the meantime, HODL stays the one zero-fee spot Bitcoin ETF out there within the US.
Kyle USruz, VanEck’s Director of Digital Belongings Product, stated:
“January 10 marks the anniversary of the SEC’s approval of the primary US-listed spot bitcoin exchange-traded merchandise—a watershed second that we at VanEck had been working in the direction of for near a decade. It appears becoming to honor that milestone and lengthen the charge waiver on HODL with that date in thoughts.”
Report inflows
VanEck’s transfer comes amid the continued robust investor curiosity in Bitcoin ETFs regardless of their launch over 11 months in the past.
Knowledge from CoinShares reveals that spot Bitcoin ETFs noticed document weekly inflows of $3.13 billion, pushing whole inflows since mid-September to $15.2 billion. Yr-to-date, inflows into crypto-related ETPs have reached $37 billion, primarily pushed by inflows into Bitcoin.
In keeping with CoinShares, BlackRock’s iShares Bitcoin Belief (IBIT) dominates the circulate, with a year-to-date circulate of $33.15 billion, adopted by Constancy’s Clever Origin Bitcoin Fund (FBTC) with flows of $11.5 billion.
Conversely, Grayscale’s Bitcoin Belief (GBTC) skilled internet outflows of greater than $20 billion throughout the identical interval.
However, these ETFs’ cumulative efficiency far surpasses that of US Gold ETUS, which garnered simply $309 million of their debut 12 months.
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