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Launched · SEC filings

VanEck Bitcoin ETF

HODLCboeVanEckA

$21.62−0.04 (−0.18%)

At close: Nov 2, 2026, 4:00 PM ET

A74/ 100

Rank 3 of 13 in Spot Bitcoin

A74/100Rank 3 of 13inSpot Bitcoin
Intraday session: down, 79 prints from 21.66 to 21.62. Range 21.62 to 22.02. Use the arrow keys to read each point.21.8021.9022.0010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$1.12B
1Y total return
−30.2%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
996K sh
52W range
low $16.40high $30.60
Launched
Filings
SEC EDGAR

The ETF.net HODL Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Spot Bitcoin⁠
Rank
3 of 13
Six-pillar profile for HODL. Scores out of 100: Cost 75, Risk 60, Mission 100, Tradability 48, Holdings not scored, Durability 68. Strongest: Mission (100). Weakest: Tradability (48). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A75 out of 100
    Rank 3 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 12

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 3 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 9 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 4 of 13

Our read on HODL

ETF.net Research

In short

AVanEck's spot bitcoin fund does exactly one thing: hold bitcoin. No futures, no yield story, no cleverness. It is priced below the category median and splits the coins across two named custodians instead of one.

Stated mandate

The Trust seeks to track the price of bitcoin, net of its operating expenses, through a passive strategy that does not pursue returns beyond bitcoin’s price performance.

Why people hold it

  • A 0.20% sponsor fee, under the median for spot bitcoin funds, on a product whose entire job is holding coins.vaneck.com
  • Deliberately plain mandate: track bitcoin's price net of expenses, full stop. Nothing reaching for returns beyond the coin, and it has followed that mandate very closely.vaneck.com
  • VanEck names two crypto custodians for the trust's bitcoin, Gemini and Coinbase Custody, rather than routing every coin through a single vault.vaneck.com
  • Listed options trade on HODL, so collars and covered-call structures are available in a normal brokerage account.vaneck.com

Worth knowing

  • Bitcoin sets the whole ride. The design follows the coin down as faithfully as up, and there is no hedge or buffer in the wrapper.
  • No distributions. Price is the entire story here, and the sponsor fee accrues against the trust's bitcoin whatever the market does.vaneck.com
  • Fees in this cohort are a moving target: BTC and EZBC list lower headline rates, and temporary waivers keep reshuffling who is cheapest.vaneck.com

HODL Performance

Launched Jan 4, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
HODL$6,980
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HODL $6,980. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HODL. Periods over one year show the average yearly return.
PeriodHODL
Year to date−12.4%
1 month−8.3%
3 months+21.8%
1 year−30.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HODL
YearReturn barHODL
2026 YTD−12.4%
2025−6.5%
2024−50.0%

History from Jan 11, 2024

HODL in the news

HODL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

HODL Risk

Risk pillarB60 out of 100Rank 3 of 13 in Spot Bitcoin
How much the fund’s monthly returns vary, scaled to a year.
63.2%
Annualised · 33 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.12
vs 3-month T-bills · 33 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−93.7%
33 months · trough Nov 2024
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HODL Cost

Compare HODL and MSBT

Overpaying vs MSBT, cheapest in Spot Bitcoin

$1,223

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HODL 0.20%

    $4,155

  • MSBT 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • HODL 0.20%
  • MSBT 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530HODL $4,155MSBT $2,932

Year by year

YearHODLMSBTOverpaying
10$365$256$109
20$1,421$1,000$421
30$4,155$2,932$1,223

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