VanEck Will Waive Fees for its Ethereum ETF

Reading Time: < 1 minute

According to a recent statement by Matthew Sigel, the head of digital assets research at VanEck, the company is planning to waive fees for its potential Ethereum exchange-traded fund to remain competitive.

Sigel, commenting on ETF.com, wrote in an X post that VanEck aims to lead the way in terms of cryptocurrency ETF fees, even if it results in an initial loss for the company.

The firm’s strategy is to make up for this through increased trading volume, particularly in the decentralized finance market. This move is part of VanEck’s goal to entice more investors to consider investing in Ethereum and its potential role in their portfolios.

The filing of a Form 8-A for VanEck’s Ethereum product on Tuesday is seen as further progress towards the launch of a spot Ether ETF.