VanEck Vdo Gaming and eSprts ETF - ESPO STOCK NEWS

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.

Jan van Eck, CEO of VanEck, received the 2024 ETF.com Lifetime Achievement Award for his leadership and contributions to the ETF industry. Under his guidance, the firm launched the $14 billion VanEck Gold Miners ETF (GDX) and surpassed $100 billion in AUM. Van Eck's commitment to product innovation and belief in the transformative potential of bitcoin has shaped the firm's success in the ETF space.

VanEck (VANE) provides updates on digital assets and its global lineup of digital asset-linked funds, with assets in crypto-linked funds approaching $1 billion and the VanEck Digital Transformation ETF (DAPP) surpassing $100 million in AUM. The firm is optimistic about the future of Bitcoin and the broader crypto space, with DAPP's 2023 performance at more than +300% year-to-date driven by Coinbase and Bitcoin miners.

VanEck plans to close and liquidate its VanEck China Growth Leaders ETF (GLCN) on September 27, 2023. Shareholders can sell their shares until September 20, 2023. They will receive a liquidating distribution of cash equal to the net asset value of their shares. The Fund will no longer accept creation orders from Authorized Participants after September 20, 2023.

VanEck announces a 2-for-1 forward stock split for the VanEck Semiconductor ETF (NASDAQ: SMH), effective at market open on May 4, 2023. Investors holding shares as of the close on May 3, 2023 will have their shares split accordingly. The ETF will maintain the same CUSIP and ticker symbol, with new shares trading at a split-adjusted price. This action is part of VanEck's strategy to enhance investor benefits based on factors like market price and trading volume. Importantly, forward stock splits do not affect the market value of an investor's holdings, nor do they incur tax consequences. VanEck manages approximately $76.4 billion in assets across various investment vehicles, focusing on both active and passive strategies.

VanEck has announced the liquidation of the VanEck Digital Assets Mining ETF (Ticker: DAM), following a decision by the Board of Trustees on April 11, 2023. The ETF's liquidation is based on an assessment of performance, liquidity, and investor interest. Shareholders can sell their shares on the Nasdaq until market close on April 24, 2023, after which they will no longer trade. The liquidation is expected to occur around May 1, 2023, with cash distributions to shareholders reflecting the ETF’s net asset value. A special distribution schedule has also been provided, with key dates spanning from April 14 to April 21, 2023. As of February 28, 2023, VanEck managed approximately $71.0B in assets across various investment strategies.