Company: HODL
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0000930413-25-000995
Chunk: 329

Company: VanEck Bitcoin ETF
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 329
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 diligence.

Roles and Responsibilities

Roles and responsibilities for cybersecurity have
been established first by VanEck’s cybersecurity policy and secondly by its connection to the governance structure of the firm and
VanEck’s risk management committee (the “Risk Management Committee”), which is comprised of senior-level employees.
Cybersecurity is closely aligned with not only risk management, but also with business continuity planning and response. In addition,
the importance of cybersecurity protection and its practice at the manager and employee level is frequently communicated to the staff
globally. Specifically, VanEck’s Chief Information Security Officer, reporting to the co-chair of the Risk Management Committee,
is responsible for conducting the firm’s cybersecurity risk assessment, as well as providing regular staff educations with a special
emphasis on proper desktop and email security and conduct. Special training is also given to recently on-boarded staff. VanEck’s
Chief Administrative Officer and Chief Technology 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

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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