VanEck announces that its Bitcoin spot ETF will waive some management fees until March 31, 2025

bitcoin ETF ITS spot 2024-03-12 68
VanEck has announced that from March 12, 2024 to March 31, 2025, the VanEck Bitcoin Trust (HODL) will waive all management fees on the initial $1.5 billion in trust assets. If the trust assets exceed $1.5 billion before March 31, 2025, the management fee for the excess amount will be 0.20%. All investors will bear the same management fee, which is the weighted average of these rates. After March 31, 2025, the management fee will return to 0.20%.