VanEck extends zero-fee waiver for HODL Bitcoin ETF to $2.5 billion or 2026 VanEck extends zero-fee waiver for HODL Bitcoin ETF to $2.5 billion or 2026
VanEck’s HODL remains the sole zero-fee Bitcoin ETF amid surging inflows into crypto-related products.
1 min read
Updated: Nov. 25, 2024 at 3:40 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
VanEck has extended the fee waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the first $2.5 billion in assets or until Jan. 10, 2026, according to a Nov. 25 statement.
Under the terms, investors will not pay any fees for HODL until the $2.5 billion threshold is reached or until Jan. 10, 2026—whichever comes first. This marks a significant extension from the previous fee waiver deadline of March 31, 2025, based on the $1.5 billion asset cap. According to Farside’s data, HODL’s net asset value is approximately $1.33 billion, reflecting a 124% increase since its inception.
Once the $2.5 billion or January 2026 threshold is reached, investors will be subjected to a 0.20% sponsor fee. In the meantime, HODL remains the only zero-fee spot Bitcoin ETF available in the US.
Kyle USruz, VanEck’s Director of Digital Assets Product, said:
“January 10 marks the anniversary of the SEC’s approval of the first US-listed spot bitcoin exchange-traded products—a watershed moment that we at VanEck had been working towards for close to a decade. It seems fitting to honor that milestone and extend the fee waiver on HODL with that date in mind.”
Record inflows
VanEck’s move comes amid the continued strong investor interest in Bitcoin ETFs despite their launch over 11 months ago.
Data from CoinShares shows that spot Bitcoin ETFs saw record weekly inflows of $3.13 billion, pushing total inflows since mid-September to $15.2 billion. Year-to-date, inflows into crypto-related ETPs have reached $37 billion, primarily driven by inflows into Bitcoin.
According to CoinShares, BlackRock’s iShares Bitcoin Trust (IBIT) dominates the flow, with a year-to-date flow of $33.15 billion, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with flows of $11.5 billion.
Conversely, Grayscale’s Bitcoin Trust (GBTC) experienced net outflows of more than $20 billion during the same period.
Nevertheless, these ETFs’ cumulative performance far surpasses that of US Gold ETUS, which garnered just $309 million in their debut year.
Mentioned in this article
Bitcoin 
VanEck 
BlackRock 
Grayscale Investments 
Fidelity Investments VanEck Bitcoin Trust iShares Bitcoin Trust 
Fidelity Wise Origin Bitcoin Trust 
Grayscale Bitcoin Trust Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
VanEck
VanEck is a global investment manager with offices around the world, including New York, Australia, China, Germany, Netherlands and Switzerland.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
The VanEck Bitcoin Trust is an investment product that allows investors to gain exposure to Bitcoin through a traditional brokerage account.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
The Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that provides investors with access to Bitcoin through traditional investment channels.
