Company: HODL
Filing Date: 2025-11-25
Form Type: 424B3
Source: 0001838028-25-000023
Chunk: 1

Company: VanEck Bitcoin ETF
Filing Date: 2025-11-25
Form: 424B3
Chunk 1
---
 shall create no obligation to waive any such fees during any period not covered by the waiver. During the period commencing on November 25, 2025 and ending on July 31, 2026, the Sponsor will waive the entire Sponsor Fee for the first $2.5 billion of the Trust’s assets. If the Trust’s assets exceed $2.5 billion prior to July 31, 2026, the Sponsor Fee charged on assets over $2.5 billion will be 0.20%. All investors will incur the same Sponsor Fee which is the weighted average of those fee rates. After July 31, 2026, the Sponsor Fee will be 0.20%. In the future, if the Sponsor decides to waive all or a portion of the Sponsor Fee, Shareholders will be notified in a prospectus supplement, in its periodic Exchange Act reports and/or on the Trust’s website.