VanEck Cuts Fees on Struggling Bitcoin ETF HODL to Zero to Compete with BlackRock, Fidelity
- VanEck temporarily cuts management fee for spot bitcoin ETF, HODL, to 0% until March 2025
- Fee was previously 0.2%, lower than competitors like BlackRock and Fidelity
- HODL has $305 million assets under management, far below competitors
- BlackRock's iShares Bitcoin Fund has $13 billion assets under management
- Move likely due to HODL's slower start compared to competitors