Company: HODL
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0000930413-25-000995
Chunk: 144

Company: VanEck Bitcoin ETF
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 144
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 Officer, together with VanEck’s Chief Information Security Officer, are responsible
for the day-to-day operations of the firm cybersecurity infrastructure including normal operations as well as any remedial work required
in response to an incident. The communication responsibility in the event of an incident is shared by VanEck’s CEO and the General
Counsel.

Since our commencement of operations, we have not
experienced a material information security breach incident and we are not aware of any cybersecurity risks that are reasonably likely
to materially affect our business. However, future incidents could have a material impact on our business strategy, results of

80

operations, or financial condition. See “Item 1A. Risk Factors—
Other Risks—Due to the increased use of technologies, intentional and unintentional cyber-attacks pose operational and information
security risks.”

Item 2. Properties.

Not applicable.

Item 3. Legal Proceedings.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.

Market Information

On January 10, 2024, the Shares commenced trading on Cboe BZX Exchange,
Inc, under the ticker symbol “HODL.”

Holders

As of December 31, 2024, there were approximately 85 DTC participating shareholders of record of the Trust. Because most of the Trust’s Shares are held by
brokers and institutions on behalf of shareholders, we are unable to estimate the total number of shareholders
represented by these record holders.

Dividends

The Trust did not declare any cash distributions to Shareholders during
the during the fiscal year ended December 31, 2024. The Trust has no obligation to make periodic distributions to Shareholders.

Use of Proceeds from Registered Securities (a)

5,400,000 Shares (216 Baskets) were redeemed during the period ended
December 31, 2024.

    Period
     
    Total Number of Shares
    Redeemed

    Average Per Share

    10/01/24 to 10/31/24

    1,600,000

    $
    18.13

    11/01/24 to 11/30/24

    2,600,000

    21.07

    12/01/24 to 12/31/24

    1,