ASX Crypto ETF Competition Heats Up as Fee War Intensifies

February 20, 2025 12:49 PM AEDT | By Team Kalkine Media

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ASX Crypto ETF Competition Heats Up as Fee War Intensifies — Image source: shutterstock

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Highlights

VanEck lowers fees to match BetaShares’ new Bitcoin ETF.

BetaShares launches the first ASX-listed Ethereum ETF.

Bitwise partners with BetaShares to expand crypto offerings in Australia.

The battle for dominance in the Australian crypto exchange-traded fund (ETF) market is intensifying as firms compete to offer lower fees and broader investment options. The latest move comes from VanEck (ASX:VANECK), which has slashed its Bitcoin ETF management fee to 0.45% per year. This adjustment aligns with the fee structure of BetaShares’ (ASX:BETA) newly launched Bitcoin ETF, which debuted on the ASX this Thursday.

VanEck was the pioneer in bringing Bitcoin ETFs to the Australian market, and its fund is now approaching $250 million in assets under management. With this fee reduction, it aims to maintain its competitive edge against new entrants.

Meanwhile, BetaShares has expanded its crypto offerings by launching Australia’s first ASX-listed Ethereum ETF alongside its Bitcoin ETF. Both funds carry a management fee of 0.45%, making them cost-competitive in the evolving crypto investment space. These ETFs provide investors with direct exposure to Bitcoin and Ethereum without the complexities of self-custody or digital wallets.

A key aspect of BetaShares' latest ETFs is its collaboration with Bitwise, the largest crypto index fund manager in the U.S. This partnership is expected to enhance liquidity and operational efficiency, offering investors a seamless way to gain exposure to the world’s leading digital assets.

With crypto ETFs gaining traction, competition among fund managers is expected to intensify, potentially leading to further fee reductions and innovative product offerings in the future. As more investors explore digital asset ETFs, the Australian market is witnessing rapid growth and increased accessibility in the crypto investment landscape.

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