VanEck is lowering its sponsor fee for its spot Bitcoin ETF just over a month after the digital asset manager launched the product, the latest in a string of cuts taken by issuers in a highly competitive market. 

In a supplemental filing submitted to the Securities and Exchange Commission on February 15, VanEck said that it will be lowering its sponsor fee for its Bitcoin ETF, which trades under the HODL ticker, to 0.20% from its current rate of 0.25%. This cut will take effect on February 21. 

“Our approach has always been to proactively evaluate and refine our offerings for investors in this fast-evolving and highly competitive ETF environment,” a VanEck spokesperson told Decrypt. “This fee reduction reflects our commitment to provide value and improve access to investors, and helps ensure investors continue to benefit from one of the most competitive offerings in the bitcoin ETF space.”

A Bitcoin ETF is an investment vehicle that allows buyers to gain exposure to Bitcoin without buying and storing the asset directly. That means Wall Street investors can now essentially buy into Bitcoin without the need to fuss over crypto wallets and

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Author: Nicholas Morgan

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