Company: HODL
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0000930413-25-000995
Chunk: 410

Company: VanEck Bitcoin ETF
Filing Date: 2025-03-26
Form: 10-K
Item: Item 4
Chunk 410
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 Executive Officer and Principal Financial and Accounting
Officer of the Sponsor assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2024.
In making this assessment, they used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
in Internal Control—Integrated Framework (2013). Their assessment included an evaluation of the design of the Trust’s internal
control over financial reporting and testing of the operational effectiveness of its internal control over financial reporting. Based
on their assessment and those criteria, the Principal Executive Officer and Principal Financial and Accounting Officer of the Sponsor
concluded that the Trust maintained effective internal control over financial reporting as of December 31, 2024.

Changes in Internal Control over Financial Reporting

There were no changes in the Trust’s internal control over financial
reporting that occurred during the Trust’s fourth fiscal quarter of the period covered by this report that have materially affected,
or are reasonably likely to materially affect, the Trust’s internal control over financial reporting.

Item 9B. Other Information.

Not applicable.

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent
Inspections.

Not applicable.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

The Trust does not have any directors, officers or employees. The creation
and operation of the Trust has been arranged by the Sponsor. The Sponsor is not governed by a board of directors. The following persons,
in their respective capacities as executive officers of the Sponsor perform certain functions with respect to the Trust that, if the Trust
had directors or executive officers, would typically be performed by them. The principals and executive officers of the Sponsor are as
follows:

85

Jan F. van Eck

Mr. van Eck, (born 1963), serves as the Chief Executive Officer and
President of the Sponsor and VanEck. Mr. van Eck joined VanEck in 1992 and its Executive Management Team in 1998. Additionally, he is
the President and CEO of Van Eck Securities Corporation. Furthermore, Mr. van Eck is a Trustee, the President and Chief Executive Officer
of VanEck Vectors ETF Trust, VanEck Funds and VanEck VIP Trust. Furthering VanEck’s mission to anticipate asset classes and trends,
Mr. van Eck has created strategic beta, tactical allocation, emerging markets, and commodity-related investment strategies in mutual fund,
ETF, and institutional formats. Mr. van Eck founded