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
$1.5B in AUM, and 0.20% after that. Brokerage fees and commissions
may apply. Please check with your broker.
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.
VanEck is today launching the VanEck Ethereum ETF (ETHV), which
provides spot ether exposure through an exchange-traded product.
ETHV trades on the Cboe BZX Exchange. Sponsor fees will be waived
through 7/22/2025 or the first $1.5B in AUM. After that, the
sponsor fee will be 0.20%.
“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 Europe with
a range of digital assets ETPs, bringing the firm’s total assets in
crypto-linked products to approximately $2B globally.
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 U.S. asset managers to
offer investors access to international markets. This set the tone
for the firm’s drive to identify asset classes and trends –
including gold investing in 1968, emerging markets in 1993, and
exchange traded funds in 2006 – that subsequently shaped the
investment management industry.
Today, VanEck offers active and passive strategies with
compelling exposures supported by well-designed investment
processes. As of June 30, 2024, VanEck managed approximately $107.7
billion in assets, including mutual funds, ETFs and institutional
accounts. The firm’s capabilities range from core investment
opportunities to more specialized exposures to enhance portfolio
diversification. Our actively managed strategies are fueled by
in-depth, bottom-up research and security selection from portfolio
managers with direct experience in the sectors and regions in which
they invest. Investability, liquidity, diversity, and transparency
are key to the experienced decision-making around market and index
selection underlying VanEck’s passive strategies.
Since our founding in 1955, putting our clients’ interests
first, in all market environments, has been at the heart of the
firm’s mission.
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 United States for residents of
specified countries. Investors are subject to securities and tax
regulations within their applicable jurisdictions that are not
addressed on this content. Nothing in this content should be
considered a solicitation to buy or an offer to sell shares of any
investment in any jurisdiction where the offer or solicitation
would be unlawful under the securities laws of such jurisdiction,
nor is it intended as investment, tax, financial, or legal advice.
Investors should seek professional advice for their particular
situation and jurisdiction.
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, New York, NY
10017 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 the United States is still
developing.
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, New
York, NY 10017 Phone: 800.826.2333 Email: info@vaneck.com
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