VanEck Launches ETHV: Ethereum ETF Providing Spot Ether Exposure
VanEck announces the launch of the VanEck Ethereum ETF (ETHV), offering spot ether exposure via the Cboe BZX Exchange. ETHV will waive sponsor fees until July 22, 2025, or until the first $1.5 billion in AUM is reached, with a subsequent fee of 0.20%. VanEck has been a leader in digital assets, filing for a spot ether ETF in 2021 and launching the VanEck Bitcoin Trust (HODL) earlier this year. ETHV joins VanEck’s suite of digital asset solutions, including the VanEck Digital Transformation ETF (DAPP) and various crypto-focused products in Europe. VanEck's expertise in digital assets is underscored by its extensive range of crypto ETPs, amounting to approximately $2 billion globally.
VanEck annuncia il lancio del VanEck Ethereum ETF (ETHV), che offre esposizione diretta all'ether tramite il Cboe BZX Exchange. ETHV rinuncerà alle commissioni di sponsorizzazione fino al 22 luglio 2025, o fino a quando non verranno raggiunti i 1,5 miliardi di dollari in AUM, con una commissione successiva dello 0,20%. VanEck è stata un leader negli asset digitali, presentando una richiesta per un ETF di ether nel 2021 e lanciando il VanEck Bitcoin Trust (HODL) all'inizio di quest'anno. ETHV si aggiunge alla gamma di soluzioni per asset digitali di VanEck, che include il VanEck Digital Transformation ETF (DAPP) e vari prodotti focalizzati sulle criptovalute in Europa. L'esperienza di VanEck negli asset digitali è sottolineata dalla sua vasta gamma di ETP crittografici, che ammontano a circa 2 miliardi di dollari a livello globale.
VanEck anuncia el lanzamiento del VanEck Ethereum ETF (ETHV), que ofrece exposición directa al ether a través del Cboe BZX Exchange. ETHV renunciará a las tarifas de patrocinio hasta el 22 de julio de 2025, o hasta que se alcancen los 1.5 mil millones de dólares en AUM, con una tarifa subsecuente del 0.20%. VanEck ha sido un líder en activos digitales, solicitando un ETF de ether en 2021 y lanzando el VanEck Bitcoin Trust (HODL) a principios de este año. ETHV se une a la gama de soluciones de activos digitales de VanEck, que incluye el VanEck Digital Transformation ETF (DAPP) y varios productos centrados en criptomonedas en Europa. La experiencia de VanEck en activos digitales está respaldada por su amplia gama de ETPs de cripto, que ascienden a aproximadamente 2 mil millones de dólares a nivel mundial.
VanEck는 VanEck 이더리움 ETF (ETHV)의 출시를 발표하며, Cboe BZX 거래소를 통해 현물 이더에 대한 노출을 제공합니다. ETHV는 2025년 7월 22일까지 또는 15억 달러의 자산 관리(AUM)가 달성될 때까지 스폰서 수수료를 면제하며, 이후에는 0.20%의 수수료가 부과됩니다. VanEck는 2021년 이더 ETF를 신청하고 올해 초 VanEck 비트코인 신탁(HODL)을 출시하는 등 디지털 자산 분야의 선두주자로 자리잡고 있습니다. ETHV는 VanEck의 디지털 자산 솔루션 제품군에 추가되며, VanEck 디지털 전환 ETF(DAPP) 및 유럽의 여러 암호화폐 중심 제품도 포함됩니다. VanEck의 디지털 자산 전문성은 전 세계적으로 약 20억 달러에 달하는 다양한 암호화폐 ETP로 강조됩니다.
VanEck annonce le lancement du VanEck Ethereum ETF (ETHV), offrant une exposition directe à l'ether via la Cboe BZX Exchange. ETHV renoncera aux frais de parrainage jusqu'au 22 juillet 2025, ou jusqu'à ce que les 1,5 milliard de dollars d'AUM soient atteints, avec des frais subséquents de 0,20 %. VanEck est un leader dans les actifs numériques, ayant déposé une demande pour un ETF d'ether en 2021 et lancé le VanEck Bitcoin Trust (HODL) plus tôt cette année. ETHV rejoint la gamme de solutions d'actifs numériques de VanEck, y compris le VanEck Digital Transformation ETF (DAPP) et divers produits axés sur la cryptographie en Europe. L'expertise de VanEck dans les actifs numériques est soulignée par sa vaste gamme d'ETP cryptographiques, totalisant environ 2 milliards de dollars dans le monde.
VanEck gibt die Einführung des VanEck Ethereum ETF (ETHV) bekannt, das über die Cboe BZX Exchange einen direkten Zugang zu Ether bietet. ETHV wird bis zum 22. Juli 2025 oder bis zu einem Vermögen von 1,5 Milliarden US-Dollar auf die Sponsorengebühren verzichten, danach beträgt die Gebühr 0,20%. VanEck war ein führendes Unternehmen im Bereich digitaler Vermögenswerte und beantragte 2021 ein Ether ETF, sowie im Laufe dieses Jahres den VanEck Bitcoin Trust (HODL) launchte. ETHV erweitert das Angebot an digitalen Asset Lösungen von VanEck, zu denen auch der VanEck Digital Transformation ETF (DAPP) und verschiedene auf Krypto fokussierte Produkte in Europa gehören. VanEcks Expertise im Bereich digitaler Vermögenswerte wird durch eine umfangreiche Palette von Krypto-ETPs untermauert, die weltweit etwa 2 Milliarden US-Dollar betragen.
- Launch of VanEck Ethereum ETF (ETHV) offering spot ether exposure.
- ETHV has zero fees until July 22, 2025, or $1.5B in AUM.
- ETHV listed on Cboe BZX Exchange.
- VanEck leads in digital asset ETFs, with previous filings for bitcoin ETFs.
- VanEck's total crypto-linked products account for approximately $2B globally.
- ETHV and HODL involve significant investment risks and may not suit all investors.
- VanEck's digital asset products, including ETHV, offer fewer investor protections as they are not registered under the Investment Company Act of 1940.
Insights
The launch of VanEck's Ethereum ETF (ETHV) is a significant development in the financial landscape, particularly for digital assets. ETFs have become a popular investment vehicle due to their liquidity, diversification and accessibility and by adding a spot ether ETF, VanEck provides direct exposure to Ethereum. This could attract both retail and institutional investors who are interested in digital assets but have been hesitant due to the complexity of owning and managing cryptocurrencies directly.
VanEck’s decision to waive fees through July 2025 or the first $1.5B in AUM is a strategic move to build a strong investor base quickly. It lowers the barrier to entry, making it more enticing for investors to gain exposure to Ethereum. After the fee waiver period, the 0.20% fee is relatively low compared to other financial products, which could maintain investor interest.
Long-term, the success of ETHV will largely depend on the performance of Ethereum as a digital asset and the broader acceptance of cryptocurrencies. If Ethereum continues to grow and shows positive returns, demand for ETHV will likely increase, providing a stable stream of revenue for VanEck.
From a technology standpoint, the launch of the VanEck Ethereum ETF (ETHV) is a remarkable step forward. Ethereum's blockchain technology is well-regarded for its ability to support decentralized applications and smart contracts, beyond just serving as a digital currency. By offering an investment product focused on Ethereum, VanEck is acknowledging the significant role that blockchain technology will play in the future of financial services and digital economy at large.
ETHV opens up new avenues for tech-savvy investors and enthusiasts who believe in Ethereum's potential but prefer a more traditional investment vehicle. This move could also encourage broader adoption of Ethereum as it becomes more integrated with conventional financial markets. As blockchain technology continues to evolve and gain more mainstream acceptance, ETFs like ETHV could serve as a bridge for more conservative investors to enter the digital asset space.
The introduction of ETHV by VanEck is poised to have a notable impact on the market for digital asset investment products. VanEck has a history of pioneering efforts in the digital asset space and the new Ethereum ETF signifies their commitment to expanding this market. By opting for a spot ether ETF, VanEck provides a pure-play exposure which is often considered more desirable for those looking to invest directly in the asset without dealing with the complexities of futures contracts or other derivatives.
This development could spark increased competition among financial firms to offer similar products, thereby enhancing the diversity and availability of digital asset investments. Investors looking for growth opportunities may find ETHV particularly appealing, as Ethereum has shown robust performance and adoption across various sectors, including DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens).
Moreover, given the regulatory challenges surrounding cryptocurrency investments, VanEck’s ability to launch ETHV could set a precedent, encouraging other firms to navigate the regulatory landscape and bring similar products to market. This would ultimately benefit investors by providing a wider range of investment choices and potentially driving innovation in the digital asset space.
VanEck was the first to file for a US-listed spot ether exchange traded fund in 2021. VanEck Ethereum ETF (ETHV) joins VanEck’s growing suite of digital assets solutions providing direct and indirect exposure to key digital assets, including HODL and DAPP.
ETHV will launch with zero fees through 7/22/2025 or the first
An investment in the VanEck Ethereum ETF (“ETHV”) or the VanEck Bitcoin Trust (“HODL”) involves significant risk and may not be suitable for all investors. We use the generic term “ETF” to refer to exchange-traded investment vehicles, including those that are required to register under the Investment Company Act of 1940, as amended (the “40 Act”), as well as other exchange-traded products which are not subject to the registration of the 40 Act. The Trusts are not investment companies registered under the Investment Company Act of 1940 or commodity pools for the purposes of the Commodity Exchange Act (“CEA”), and thus offer fewer investor protections.
“Investing in Ethereum presents an opportunity for pure play exposure to the economics of blockchain software, and we’re pleased to be able to deliver in the U.S.,” said Jan van Eck, CEO of VanEck. “We look forward to engaging with clients about the role ether can play in a diversified portfolio, particularly as an aggressive growth investment.”
VanEck has long been an advocate and vocal leader bringing direct digital assets exposure to the exchange-traded product space. VanEck took the lead in filing for an exchange-traded spot ether product in 2021, and previously was the first established ETF issuer to file for a futures-based bitcoin ETF in 2017, followed by a filing for a spot bitcoin exchange traded fund in 2018. At the start of this year, the firm launched the VanEck Bitcoin Trust (HODL), which provides spot bitcoin exposure.
VanEck’s efforts around digital assets, like in many of the categories where the firm has been an established leader, have been global in focus. The firm’s European arm currently manages 12 crypto exchange-traded products, while its MarketVector index subsidiary was the first regulated index provider to launch a suite of digital asset indexes featuring its flagship Bitcoin & Ethereum Benchmark Rates. A timeline of VanEck’s industry-leading efforts in digital asset thought leadership and product development can be found here.
“This is an exciting day not just for our team, but for investors more broadly,” added Kyle DaCruz, Director, Digital Assets Product at VanEck. “ETHV opens the door for investors who may have been curious about the role ether can play in their portfolio, but who might have been precluded from accessing it for a variety of reasons. It’s important to note that ether and bitcoin are very different assets, providing very different types of exposure. While we’re excited to be introducing ETHV, we’re just as excited to be at the forefront of educating all types of investors as to just what ether is and what makes it unique.”
ETHV joins growing suite of VanEck digital assets offerings
ETHV joins HODL in a VanEck digital assets fund family that also includes the VanEck Digital Transformation ETF (DAPP), which focuses on those companies driving the growth of the digital assets economy. The firm also oversees several digital assets-focused private vehicles for institutions and accredited investors, and was the first established global asset manager to market in
VanEck’s X feed, @vaneck_us, is a go-to source for updates on the firm’s digital asset efforts and much more. The firm’s digital assets research team, led by Matthew Sigel, regularly publishes deeply researched commentary, insights and predictions for the space, which can be accessed here.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of June 30, 2024, VanEck managed approximately
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General Disclosures
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.
Important Disclosures – VanEck Bitcoin Trust (“HODL”) and VanEck Ethereum ETF (“ETHV”)
This material must be preceded or accompanied by a Prospectus (HODL: click here, ETHV: click here. An investment in the VanEck Ethereum ETF (“ETHV”) or the VanEck Bitcoin Trust (“HODL”) (collectively, the “Trusts”) may not be suitable for all investors. Before investing you should carefully consider the Trusts’ investment objectives, risks, charges and expenses.
Investing involves significant risk, and you could lose money on an investment in the Trusts. The values of ether and bitcoin are highly volatile, and the value of the Trusts’ shares could decline rapidly, including to zero. You could lose your entire principal investment. For a more complete discussion of the risk factors relative to the Trusts, carefully read the prospectuses.
The Trusts’ investment objectives are to reflect the performance of the price of ether (in the case of ETHV) or bitcoin (in the case of HODL) less the expenses of each Trust’s operations. The Trusts are passive investment vehicles that do not seek to generate returns beyond tracking the price of ether or bitcoin.
The Trusts are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”). Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. As a result, shareholders of the Trusts do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.
An investment in either of the Trusts is subject to risks which include, but are not limited to, the historically and potentially future extreme volatility of ether and bitcoin, various potential factors that may adversely affect the liquidity of the Trusts’ shares, the limited history of the indices from which the value of ether or bitcoin and hence the value of Trusts’ shares will be determined, potential threats to the Trusts’ respective custodians, and the unregulated nature and lack of transparency surrounding the operations of ether and bitcoin trading platforms, all of which may ultimately adversely affect the value of shares of the Trusts. Please note that this is not an exhaustive list of risks pertaining to the Trusts. Please read carefully the prospectuses for a complete list of potential risks.
Because shares of the Trusts are intended to reflect the price of the digital assets held in the Trusts, the market price of the shares is subject to fluctuations similar to those affecting digital asset prices. Additionally, shares of the Trusts are bought and sold at market price, not at net asset value (“NAV”). Brokerage commissions will reduce returns.
The Trusts’ shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of the Trusts’ shares relate directly to the value of the digital assets held by the Trusts (less their expenses), and fluctuations in the price of the digital assets could materially and adversely affect an investment in the Trusts’ shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the digital assets represented by them. The Trusts do not generate any income, and as the Trusts regularly issue shares to pay for the Sponsor’s ongoing expenses, the amount of digital assets represented by each Share will decline over time.
This content is published in
The Sponsor of the Trusts is VanEck Digital Assets, LLC. The Marketing Agent for the Trusts is Van Eck Securities Corporation. VanEck Digital Assets, LLC., and Van Eck Securities Corporation are wholly owned subsidiaries of Van Eck Associates Corporation.
© Van Eck Associates Corporation, 666 Third Avenue,
Phone: 800.826.2333
Email: info@vaneck.com
Important Disclosures – VanEck Digital Transformation ETF (“DAPP”)
The VanEck Digital Transformation ETF (“DAPP”) does not invest in digital assets directly or indirectly through derivatives.
The further development and acceptance of digital asset networks, which is part of a new and rapidly changing industry, is subject to a variety of factors that are difficult to evaluate, the slowing, stopping or reversing of the development or acceptance of the digital asset networks may adversely affect the price of digital assets and therefore cause the Funds to suffer losses, regulatory changes or actions may alter the nature of an investment in digital assets or restrict the use of digital assets or the operations of the digital asset networks or venues on which digital assets trade in a manner that adversely affects the price of digital assets. Digital assets generally operate without central authority (such as a bank) and are not backed by any government, digital assets are not legal tender and federal, state and/or foreign governments may restrict the use and exchange of digital assets, and regulation in
An investment in the VanEck Digital Transformation ETF (DAPP) may be subject to risks which include, among others, risks related to investing in digital transformation companies, special risk considerations of investing in European issuers, equity securities, small- and medium-capitalization companies, information technology sector, financials sector, foreign securities, emerging market issuers, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified and industry concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
© Van Eck Associates Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation
666 Third Avenue,
Phone: 800.826.2333
Email: info@vaneck.com
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Source: VanEck
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