VanEck has prolonged the payment 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.
Below the phrases, traders 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 payment waiver deadline of March 31, 2025, based mostly on the $1.5 billion asset cap. In response to Farside’s knowledge, HODL’s web asset worth is roughly $1.33 billion, reflecting a 124% enhance since its inception.
As soon as the $2.5 billion or January 2026 threshold is reached, traders shall be subjected to a 0.20% sponsor payment. Within the meantime, HODL stays the one zero-fee spot Bitcoin ETF accessible 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 prolong the payment waiver on HODL with that date in thoughts.”
File inflows
VanEck’s transfer comes amid the continued sturdy investor curiosity in Bitcoin ETFs regardless of their launch over 11 months in the past.
Information from CoinShares exhibits that spot Bitcoin ETFs noticed report weekly inflows of $3.13 billion, pushing complete inflows since mid-September to $15.2 billion. 12 months-to-date, inflows into crypto-related ETPs have reached $37 billion, primarily pushed by inflows into Bitcoin.
In response to CoinShares, BlackRock’s iShares Bitcoin Belief (IBIT) dominates the circulation, with a year-to-date circulation 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 web outflows of greater than $20 billion throughout the identical interval.
Nonetheless, 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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