VanEck launches fee war! Ethereum spot ETF expected to be listed on July 2?

ETF issuer VanEck has launched an Ethereum spot ETF fee war and will waive handling fees for the first 1.5 billion USD. In addition, VanEck submitted Form 8-A to the SEC yesterday (6/25), which means that once the product is approved, the issuer can trade on the exchange. Bloomberg analyst Eric Balchunas said that it is a goodsign for the Ethereum spot ETF to be approved for listing on July 2. VanEck launches Ethereum spot ETF fee war Matthew Sigel, director of digital asset research at VanEck, said: VanEck’s goal is to become the leader in crypto ETF fees, even if it means we will lose money at the beginning. According to its filing, if the ETF’s assets exceed $1.5 billionUSD before 2025, it will charge a fee of 0.20% on assets exceeding $1.5 billionUSD. After 2025, the maintenance fee will be 0.20%. VanEck’s plan is to make up for it through transaction volume, and Sigel also specifically explained that in this case, it refers to decentralized financial transaction volume. More on-chain activity = more ETH gas consumption = ETH price increase = VanEck ETHETF rises HODL actively grabs the market VanEck is also a Bitcoin spot ETF issuer, and it launched its VanEck Bitcoin ETF (HODL) about two months after its launch. Fees were lowered in an attempt to increase inflows. VanEck waives fees on the ETF until March 31, 2025, until its assets reach $1.5 billionUSD, after which time it resumes charging a 0.2% fee. As of June 25, HODL has had an inflow of approximately 518 million USD, with an asset size of 611 million USD. Among all Bitcoin spot ETFs, the inflow scale ranks second only to BlackRock, Fidelity, Ark and Bitwise. five. As can be seen from the picture below, after the fee reduction, its capital inflow suddenly increased sharply, with inflows reaching as high as 200 million USD in two days.

VanEck submits Form 8-A, will the Ethereum spot ETF be approved? On the evening of last Friday (6/21), a number of Ethereum spot ETF issuers successively submitted revised S-1 forms. Among them, VanEck and Franklin were the first to announce very low management rates, which were 0.20% and 0.19% respectively. , putting pressure on BlackRock and other issuers. VanEck submitted another Form 8-A to the U.S. Securities and Exchange Commission (SEC) yesterday (6/25). This move means that once the product is approved, the issuer can trade on the exchange, symbolizing The Ethereum Spot ETF is making progress. Bloomberg analyst Eric Balchunas also said that the pair of Ethereum spot ETFs will be approved for listing on July 2, which is a good sign. SEC Chairman Gary Gensler also said at the investment summit held by Bloomberg that the listing process of the Ethereum spot ETF was "going smoothly", but he was not sure of the specific approval time.

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