Company: HODL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000930413-25-002440
Chunk: 12

Company: VanEck Bitcoin ETF
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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20.10  
       $26.40  
       $12.50 

    From investment operations: 

    Net investment loss(b) 
     0.00  
     0.00  
     0.00  
     (0.00)(c)

    Net realized gain and change in unrealized appreciation (depreciation) from investments in bitcoin(d) 
     6.87  
     (2.58) 
     3.93  
     5.02 

    Total increase (decrease) resulting from operations 
     6.87  
     (2.58) 
     3.93  
     5.02 

    Net asset value per share, end of period 
    $30.33  
    $17.52  
    $30.33  
    $17.52 

    Total return(e)(f) 
     29.28%  
     (12.86)% 
     14.89% 
     40.12%

    Ratios to average net assets(g) 

    Expenses before fee waiver 
     0.20% 
     0.20%  
     0.20%  
     0.20% 

    Expenses after fee waiver 
     0.00%  
     0.00%  
     0.00%  
     0.03% 

    Net investment loss 
     0.00%  
     0.00%  
     0.00%  
     (0.03)% 

    Portfolio turnover rate(f) 
     3.60%  
     8.25%  
     9.69%  
     14.96% 

 (a) On February 14, 2025 the Trust effected a 4 for 1 share split. Per share data prior to that date has been adjusted to reflect the share split.
 (b) Net investment loss per share has been calculated based upon an average of daily shares outstanding.
 (c) Amount rounds to greater than ($0.005)
 (d) 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