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VanEck’s HODL Bitcoin ETF ends its zero sponsor-fee period

The fund’s net assets were $1.076 billion as of July 30, or 43.0% of the $2.5 billion threshold, so the 0.20% sponsor fee will apply to all trust assets starting July 31.

Reported · Written up by our desk · Bitcoin

VanEck’s Bitcoin ETF, which trades as HODL, ended its zero sponsor-fee waiver period on July 31, according to CryptoSlate.

CryptoSlate reports HODL had $1.076 billion in net assets as of July 30, which was 43.0% of the $2.5 billion asset threshold, leaving the ETF fully covered by the waiver through its final day.

CryptoSlate says the fee waiver worked by waiving the sponsor fee on the first $2.5 billion of trust assets through July 31, and that after July 31 the 0.20% sponsor fee applies to all trust assets, based on VanEck’s latest fee-waiver filing.

CryptoSlate also notes that HODL is the sole zero-fee Bitcoin ETF in the U.S. spot-Bitcoin product lineup during the period covered, and that it recorded net outflows of $87.6 million across 169 sessions from Nov. 25 through July 30, alongside a July 30 net inflow of $2.3 million.

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