Company: HODL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000930413-25-002440
Chunk: 2

Company: VanEck Bitcoin ETF
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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) 
     193,360,170  
     22,514,437 

    Capital Share transactions 

    Contributions for shares issued 
     198,942,862  
     133,298,530  
     340,226,892  
     663,370,595 

    Withdrawals for shares redeemed 
     (52,160,717) 
     (50,810,485) 
     (134,676,228) 
     (71,237,314)

    Total capital share transactions 
     146,782,145  
     82,488,045  
     205,550,664  
     592,133,281 

    Net increase (decrease) in net assets 
     495,119,227  
     (4,302,310) 
     398,910,834  
     614,647,718 

    Net assets: 

    Beginning of period 
     1,184,241,939  
     619,050,028  
     1,280,450,332  
     100,000 

    End of period 
    $1,679,361,166  
    $614,747,718  
    $1,679,361,166  
    $614,747,718 

The accompanying
notes are an integral part of these financial statements.

3

VANECK BITCOIN ETF

Schedule of Investment

    June 30, 2025 (Unaudited) 
    Quantity of Bitcoin 
    Cost 
    Fair Value  
    % of Net Assets 

    Investment in bitcoin 
    15,661.22 
    $1,134,940,965 
    $1,679,361,166  
     100.00% 

    Net Assets 

    $1,679,361,166  
     100.00% 

    December 31, 2024 
    Quantity of Bitcoin 
    Cost 
    Fair Value  
    % of Net Assets 

    Investment in bitcoin 
    13,716.83 
    $895,843,577 
    $1,280,450,332  
     100.00%

    Net Assets 

    $1,280,450,332