VanEck Bitcoin Trust (HODL)

Overview: The VanEck Bitcoin Trust (HODL) is a spot bitcoin ETF listed on Cboe BZX Exchange, launched on January 10, 2024, offering direct exposure to bitcoin.

Investment Objective: Seeks to track the performance of bitcoin’s spot price, as measured by the MarketVector Bitcoin Benchmark Rate, less operating expenses.

Expense Ratio: Charges a 0.25% management fee, with no promotional fee waivers, positioning it as a competitive option among spot bitcoin ETFs.

Holdings and Custody: Holds physical bitcoin, with Gemini Trust Company LLC serving as the custodian, ensuring secure storage of digital assets.

Risk Profile: High volatility due to bitcoin’s price swings; not suitable for all investors, with potential for significant or complete loss of investment.

Performance: As of July 2025, HODL trades at approximately $70.32, with a market cap of $1.29 billion and a 52-week range of $37.14 to $89.66.

Background: VanEck is a global investment manager founded in 1955, known for pioneering commodity and emerging market investing.

Crypto History: Filed the first Bitcoin ETF application with the SEC in 2017, making it one of the longest advocates for regulated Bitcoin investment products.

Bitcoin ETFs: The VanEck Bitcoin Trust (HODL) launched in January 2024 with a 0.20% fee.

ESG: Donates 5% of HODL profits to Bitcoin core developers through the Brink Foundation.

Custody: Uses Gemini Custody for Bitcoin safekeeping.