Company: HODL
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0000930413-25-000995
Chunk: 716

Company: VanEck Bitcoin ETF
Filing Date: 2025-03-26
Form: 10-K
Item: Item 14
Chunk 716
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 has been adjusted to reflect the share split.
 (c) Net investment loss per share has been calculated based upon an average of daily shares outstanding.
 (d) Amount rounds to greater than ($0.005)
 (e) The amount shown for a share outstanding throughout the year may not agree with the change in the aggregate gains and losses for the year because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust.
 (f) Returns are not annualized and include adjustments required by GAAP. Returns for financial statements purposes may differ from net asset values and performance reported elsewhere by the Trust.
 (g) Non-annualized.
 (h) Annualized.
 (i) Calculated based upon daily average net assets from January 10, 2024 (Date of Effectiveness) to December 31, 2024.

Note 9. Subsequent Event Review

The Trust completed a 4-for-1 share split for shareholders as follows:

 Record Date Pay Date Ex-Date
 2/12/2025 2/13/2025 2/14/2025

The Trust has evaluated subsequent events and transactions for
potential recognition or disclosure through the date the financial statements were issued and has determined that there are no
other material events that would require disclosure in the financial statements.

F-14

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned in the capacities*
indicated thereunto duly authorized.

VanEck Bitcoin ETF

    By:
    VanEck Digital Assets, LLC, as Sponsor of the Trust (registrant)

    By:
    /s/ Jonathan R. Simon

    Name: Jonathan R. Simon

    Title: Senior Vice President, General Counsel and Secretary

    Date:
    March 26, 2025

Pursuant to the requirements of the Securities Exchange Act of
1933, this Report has been signed by the following persons in the capacities* and on the dates indicated.

    Signature
     
    Title
     
    Date

    Jan F. van Eck

    /s/ Jan F. van Eck
     
    President and Chief Executive Officer
     
    March 26, 2025

    (Principal Executive Officer)

    John J. Crimmins

    /s/