ETF Evaluator:
VanEck Bitcoin ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
Index
Risk
Index
ETF Details
VanEck Bitcoin ETF Overview
VanEck Bitcoin ETF (HODL) is a passively managed Miscellaneous Digital Assets exchange-traded fund (ETF). VanEck launched the ETF in 2024.
The investment seeks to reflect the performance of the price of bitcoin less the expenses of the Trust’s operations.
In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily based on the reported MarketVectorTM Bitcoin Benchmark Rate and process all creations and redemptions in transactions with authorized participants.
About VanEck Bitcoin ETF (HODL)
There are 1 members of the management team with an average tenure of 2.57 years: Management Team (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MarketVector Bitcoin BM R PR USD index with a weighting of 100%. VanEck Bitcoin ETF has 4 securities in its portfolio. The top 10 holdings constitute 99.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Bitcoin ETF is part of the Other global asset class and is within the Miscellaneous ETF group. VanEck Bitcoin ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Bitcoin ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HODL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Bitcoin ETF expense ratio is low compared to funds in the Digital Assets category. VanEck Bitcoin ETF has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Bitcoin ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, VanEck Bitcoin ETF returned 7.5%, which earned it a grade of B, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Bitcoin ETF has a trailing yield of 0.00%, which is below the 15.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Bitcoin ETF Grades
Year to date, the ETF has returned -27.9%, 2.9 percentage points better than the category, which translates into a grade of B. The fund has returned -46.2% over the past year (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about VanEck Bitcoin ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
HODL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HODL Return (NAV) | 7.5% | -17.6% | -46.2% | na | na | na |
| HODL Return (Price) | 7.0% | -17.7% | -46.2% | na | na | na |
| NAV +/- Price Return | 0.439% | 0.101% | -0.056% | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| HODL Grade (NAV) | B | C | C | na | na | na |
| +/- Category (NAV) | 4.5% | -0.8% | -14.1% | na | na | na |
| HODL Tax-Cost Ratio | na | na | 0.0% | na | na | na |
HODL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HODL Return (NAV) | -27.9% | -6.9% | na | na | na | na | na | na | na | na | na |
| HODL Return (Price) | -28.1% | -6.4% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.009% | -0.064% | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| HODL Grade (NAV) | B | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.9% | 3.0% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 1,048 Mil |
| Share Class Assets: | $ 1,048 Mil |
| Turnover: | na |
| Expense Ratio: | 0.00% |
| Index Fund: | Yes |
| Index Tracked: | MarketVector Bitcoin BM R PR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.6 years | |||
| Managers (Year): Team Management (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 99.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 99.9% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | VanEck |
| Phone Number: | 212-293-2000 |
| Website: | |
| Inception Date: | January 4, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.00% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.97% |
