VanEck Bitcoin Trust (HODL) is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
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.