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

ETF issuer VanEck has launched an Ethereum spot ETF fee war
VanEck has launched an Ethereum spot ETF fee war and will waive handling fees for the first $1.5 billion in funds. In addition, VanEck submitted Form 8-A to the SEC yesterday (6/25), and once the product is approved, the issuer can trade on the exchange. Bloomberg analyst Eric Balchunas said it was a good sign that the Ethereum spot ETF was approved for listing on July 2.

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 in the beginning.
According to its filing, if the ETF’s assets exceed $1.5 billion before 2025, it will charge a fee of 0.20% on assets exceeding $1.5 billion. 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 increase

HODL actively grabs the market
VanEck is also a Bitcoin spot ETF issuer, which launched its VanEck about two months after its launch Bitcoin ETF (HODL) lowers fees in an attempt to increase inflows. VanEck reduced fees on the ETF until March 31, 2025, until its assets reached $1.5 billion, after which time it resumed charging a 0.2% fee. As of June 25, HODL has had an inflow of approximately US$518 million, with an asset size of US$611 million. Among all Bitcoin spot ETFs, the inflow scale ranks fifth after BlackRock, Fidelity, Ark and Bitwise.
As can be seen from the picture below, after the fee reduction and exemption, its capital inflow suddenly increased sharply, with inflows of up to US$200 million in two days.

VanEck submitted Form 8-A, will Ethereum spot ETF be approved soon?

Last Friday (6/21) evening, a number of Ethereum spot ETF issuers successively submitted revised S-1 forms to the U.S. Securities and Exchange Commission (SEC). Among them, VanEck and Franklin were the first to announce quite low management The rates, 0.20% and 0.19% respectively, put pressure on BlackRock and other issuers.

VanEck submitted another Form 8-A to the SEC yesterday (6/25), which indicates that once the product is approved, the issuer can trade on the exchange, marking the progress of the Ethereum spot ETF . Bloomberg analyst Eric Balchunas also said that this is a positive signal that the Ethereum spot ETF will be approved for listing on July 2.

SEC Chairman Gary Gensler said at the Bloomberg Investment Summit that the listing process of the Ethereum spot ETF is "progressing smoothly", but he did not specify the specific approval time.

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