Underlying asset: Bitcoin

VanEck Bitcoin Trust HODL

Bitcoin ETF VanEck

VanEck Bitcoin Trust Price Chart

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VanEck Bitcoin Trust Overview

Fund Name
VanEck Bitcoin Trust
Ticker
HODL
Listing Exchange
Cboe BZX
Fund Family / Issuer
VanEck
Underlying Asset
Bitcoin

Additional details

Exposure
Spot Bitcoin owned by the trust.
Fund Structure
Commodity trust, not registered as an investment company under the Investment Company Act of 1940.
Annual sponsor fee
0.2%
Fee Assessment Base
Average daily net assets.
Effective Annual Charge
0.2%
Fee Waiver / Conditions
The temporary sponsor-fee waiver ended on July 31, 2026. The standard 0.20% rate applies from that date, so older zero-fee descriptions and historical net expense figures do not reflect current terms.
Fee Terms Checked
Sep 13, 2026
Benchmark
MarketVector Bitcoin Benchmark Rate
Custody Appointments
Gemini; Primary Bitcoin custodian; Permits negligence-based custody claims. The appointment does not show what percentage of the trust’s Bitcoin it holds.Coinbase; Additional Bitcoin custodian; Coinbase accepts liability for negligent breaches of its custody obligations, subject to contractual limits. Trading balances, security rights and recovery limits require separate consideration.
Retail Asset Redemption
Individual shares cannot be redeemed for Bitcoin. Retail investors sell through a broker for cash; authorized participants handle direct share-basket transactions.
30-day Median Bid/Ask Spread
0.09%As of Sep 24, 2026Fidelity, public data provider; Median bid/ask spread (30-day); Retrieved Sep 28, 2026
Fund Assets
USD 1,244,046,810As of Sep 24, 2026
Net assets, ETF Statistics table
Issuer-reported inception
Jan. 4, 2024, seed-basket purchase
First exchange trading
Jan. 11, 2024
Quarterly report reviewed
Quarter ended June 30, 2026
Operating-period annual audit reviewed
Year ended Dec. 31, 2025
Rating reviewed
Sep. 25, 2026, CryptoSlate methodology version 2.1, data cutoff Sep. 24

VanEck Bitcoin Trust About

The VanEck Bitcoin Trust is an investment product that allows investors to gain exposure to Bitcoin through a traditional brokerage account.

VanEck Bitcoin Trust: An Overview

The VanEck Bitcoin Trust (HODL) is a spot Bitcoin exchange-traded fund (ETF) that has been trading on Cboe BZX Exchange since January 2024, giving investors a way to invest in Bitcoin through a traditional brokerage account. The trust is designed to reflect the performance of Bitcoin, as measured by the MarketVector Bitcoin Benchmark Rate. This allows investors to gain exposure to Bitcoin without having to directly purchase, store, or manage the cryptocurrency themselves.

Investment Objective

The trust's investment objective is to reflect the performance of Bitcoin, as measured by the MarketVector Bitcoin Benchmark Rate, less the trust's expenses. It provides a way for investors to access the returns of Bitcoin in a traditional brokerage account without the challenges of buying, storing, and safekeeping Bitcoin directly.

Fees Associated with the ETF

The VanEck Bitcoin Trust charges an annual sponsor fee of 0.20% of the trust's average daily net assets. This fee covers the trust's ongoing operating and management expenses. Investors should factor this fee into their evaluation of the trust's potential returns.

Regulatory Status

The VanEck Bitcoin Trust is a spot Bitcoin ETF that has been listed and trading on Cboe BZX Exchange since January 2024. Investors should stay informed about any regulatory developments that could affect the trust's ongoing operations.

In summary, the VanEck Bitcoin Trust is a spot Bitcoin ETF that provides investors with a convenient way to gain exposure to Bitcoin through a traditional brokerage account. The trust's investment objective is to reflect the performance of Bitcoin, and it has been listed and trading since January 2024. The fees associated with the trust will play a critical role in its attractiveness to investors, and it's important to carefully consider the fee structure when evaluating the potential returns of the trust.

VanEck Bitcoin Trust Team

Team members

1 profile

Jan van Eck

 CEO
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