Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

VanEck Australia

  •   15 July 2024
  •      
  •   

VanEck reduces fee for bitcoin ETF amid increasing investor interest

Sydney – 12 July 2024: VanEck, the fastest growing ETF provider in Australia, is reducing the annual management fee of its VanEck Bitcoin ETF (ASX: VBTC) effective 12 July 2024.

VBTC’s fee will be reduced to 0.49% p.a. ensuring investors can continue to access the most cost-effective bitcoin opportunity on the ASX, from a global asset manager that has unparalleled digital assets expertise.

This decision follows more than $18 million flowing into the fund since its launch on 20 June after trading on listing day exceeded $3 million.

Arian Neiron, CEO and Managing Director, VanEck, Asia Pacific said: “The response to VBTC from investors and across the investment community has been remarkable and speaks to the demand for access to this asset class via a regulated vehicle on the ASX. While still polarising, bitcoin is no longer on the fringes and is evolving into the mainstream.

“We are in the midst of a paradigm shift following the ASX’s approval with a flurry of bitcoin ETFs listing, and likely more to come. Investors need to be mindful of not only the investment risk of the asset class itself but importantly, the fund and its longevity and the risk surrounding the fund managers launching these funds. Bitcoin ETFs have only been available in Australia for a short time and yet we’ve already seen multiple funds fold,” Neiron said.

VanEck currently manages more than US$2 billion worth of digital assets worldwide. VanEck was the first fund manager in Australia to lodge a submission for a bitcoin ETF and launched the first bitcoin ETF on ASX. In the US, the firm has been investing in digital asset products since 2017 and was the first established ETF issuer to file for a futures-based Bitcoin ETF in 2017, followed up by a spot Bitcoin ETF in 2018. The firm’s European arm currently manages 12 crypto ETPs, and its subsidiary, MarketVector IndexesTM, was the first to launch a definitive suite of digital asset indexes with its flagship Bitcoin & Ethereum Benchmark Rates.

VBTC gives investors exposure to the price of bitcoin, before fees and other costs, via an ETF, which provides investors institutional-grade protection.

 

banner

Most viewed in recent weeks

Vale Graham Hand

It’s with heavy hearts that we announce Firstlinks’ co-founder and former Managing Editor, Graham Hand, has died aged 66. Graham was a legendary figure in the finance industry and here are three tributes to him.

The nuts and bolts of family trusts

There are well over 800,000 family trusts in Australia, controlling more than $3 trillion of assets. Here's a guide on whether a family trust may have a place in your individual investment strategy.

Welcome to Firstlinks Edition 583 with weekend update

Investing guru Howard Marks says he had two epiphanies while visiting Australia recently: the two major asset classes aren’t what you think they are, and one key decision matters above all else when building portfolios.

  • 24 October 2024

Warren Buffett is preparing for a bear market. Should you?

Berkshire Hathaway’s third quarter earnings update reveals Buffett is selling stocks and building record cash reserves. Here’s a look at his track record in calling market tops and whether you should follow his lead and dial down risk.

Preserving wealth through generations is hard

How have so many wealthy families through history managed to squander their fortunes? This looks at the lessons from these families and offers several solutions to making and keeping money over the long-term.

A big win for bank customers against scammers

A recent ruling from The Australian Financial Complaints Authority may herald a new era for financial scams. For the first time, a bank is being forced to reimburse a customer for the amount they were scammed.

Latest Updates

Shares

Looking beyond banks for dividend income

The Big Four banks have had an extraordinary run and it’s left income investors with a conundrum: to stick with them even though they now offer relatively low dividend yields and limited growth prospects or to look elsewhere.

Exchange traded products

AFIC on its record discount, passive investing and pricey stocks

A triple headwind has seen Australia's biggest LIC swing to a 10% discount and scuppered its relative performance. Management was bullish in an interview with Firstlinks, but is the discount ever likely to close?

Superannuation

Hidden fees are a super problem

Most Australians don’t realise they are being charged up to six different types of fees on their superannuation. These fees can be opaque and hard to compare across different funds and investment options.

Shares

ASX large cap outlook for 2025

Economic growth in Australia looks to have bottomed, which means it makes sense to selectively add to cyclical exposures on the ASX in addition to key thematics like decarbonisation and technological change.

Property

Taking advantage of the property cycle

Understanding the property cycle can be a useful tool to make informed decisions and stay focused on long-term goals. This looks at where we are in the commercial property cycle and the potential opportunities for investors.

Investment strategies

Is this bedrock of financial theory a mirage?

The concept of an 'equity risk premium' has driven asset allocation decisions for decades. A revamped study suggests it was a relatively short-lived phenomenon rather than the mainstay many thought.

Vale Graham Hand

It’s with heavy hearts that we announce Firstlinks’ co-founder and former Managing Editor, Graham Hand, has died aged 66. Graham was a legendary figure in the finance industry and here are three tributes to him.

Sponsors

Alliances

© 2024 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.