VanEck reduces fee for bitcoin ETF as investor interest accelerates
February 2025
VanEck, one of the world’s largest asset managers, is reducing the management fee of its VanEck Bitcoin ETF (ASX: VBTC), effective today.
VBTC’s management fee will be reduced to 0.45% p.a., providing greater cost efficiency for investors seeking bitcoin exposure on the ASX, via a global asset manager with unparalleled digital assets expertise.
The fee reduction comes as VBTC fast approaches $250 million in net assets, making it the largest, fastest growing and most cost-effective bitcoin ETF in Australia. VBTC also has a research house rating.
Arian Neiron, VanEck CEO and Managing Director, Asia Pacific, said: “We have been seeing strong momentum in bitcoin over the last few months. The increased inflows to bitcoin ETFs demonstrate Australian investors are moving away from observer status and dipping their toes in the water, opting for bitcoin exposure from a fund manager that has deep experience in digital assets management. VanEck has been investing in digital asset products since 2017 and led the campaign pushing for bitcoin regulation as the first established ETF issuer to file for a futures-based bitcoin ETF in the US.
“We are at an inflection point for bitcoin adoption. The bitcoin market is now in blue-sky territory, and governments around the world, including in Australia, are working on developing regulatory environments for cryptocurrency that will provide greater protection to investors.
“Recent policy announcements from the US government indicate a number of positive/green signals, reinforcing potential further upside for this emerging asset class. In Australia, we’re seeing more advisers incorporate bitcoin exposures based on client demand, and the combination of cost efficiency, ASX availability and a research housing rating have driven the bulk of these flows to VBTC,” said Neiron.
VanEck currently manages more than US$3.4 billion worth of digital assets worldwide. VanEck launched the first bitcoin ETF on ASX. In the US, the firm was the first established ETF issuer to file for a spot bitcoin ETF in 2018. VanEck’s European arm currently manages 12 crypto ETPs, and its subsidiary, MarketVector, was the first to launch a definitive suite of digital asset indexes with its flagship Bitcoin & Ethereum Benchmark Rates.
VBTC gives investors the most cost-efficient exposure to the price of bitcoin in Australia, via an ETF that provides investors institutional-grade protection.An investment in VBTC involves extremely high risk and the potential for loss of all capital invested. Investors should actively monitor their investment as frequently as daily to ensure it continues to meet their investment objectives. Risks associated with an investment in the VBTC include those associated with pricing risk, regulatory risk, custody risk, immutability risk, ASX trading time risk, concentration risk, environmental risk, currency risk, operational risk, underlying fund risk and forking risk. See the VanEck Bitcoin ETF PDS and TMD for more details.
VanEck Investments Limited (ACN 146 596 116 AFSL 416755) (VanEck) is the issuer and responsible entity of all VanEck exchange traded funds (Funds) trading on the ASX. This information is general in nature and not personal advice, it does not take into account any person’s financial objectives, situation or needs. The product disclosure statement (PDS) and the target market determination (TMD) for all Funds are available at vaneck.com.au. You should consider whether or not an investment in any Fund is appropriate for you. Investments in a Fund involve risks associated with financial markets. These risks vary depending on a Fund’s investment objective. Refer to the applicable PDS and TMD for more details on risks. Investment returns and capital are not guaranteed.