After Rapid Growth, VanEck Lowering Fees on Its Bitcoin ETN
After Rapid Growth, VanEck Slashing Fees on Its Bitcoin ETN There’s still not a Bitcoin exchange traded fund in the U.S., but the VanEck Vectors Bitcoin ETN (VBTC), which trades on Deutsche Börse Xetra, is proving so successful that the issuer is lowering the annual fee on the product. “The VanEck Vectors Bitcoin ETN is a fully-collateralized exchange traded note that invests in bitcoin. The note seeks to replicate the value and yield performance of the MVIS CryptoCompare Bitcoin VWAP Close Index (MVBTCV Index),” according to the issuer. VBTC is just a few months old and is already ge...
Source: etftrends.com