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Brendan Gundersen
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bgundersen@vaneck.com

XBTCZ
VanEck SolidX Bitcoin Trust 144A Shares
Available to Qualified Institutional Buyers (QIBs) only

Description

VanEck SolidX Bitcoin Trust 144A Shares is the first open-end and DTC-eligible bitcoin security that can be held in a brokerage account.1


 
 

  • Quoted On

    OTC Expert Market
  • Sponsor

    SolidX Management LLC
  • Marketing Agent

    Van Eck Securities Corp.

 
as of 11/15/19

  • Total Net Assets

    $539.1k
  • Commencement

    09/04/19
  • Sponsor Fee*

    2.00%
  • Insurance Fee*

    0.90%

*See the Offering Memorandum for a detailed description of fees and expenses.

 

Overview


VanEck SolidX Bitcoin Trust 144A Shares (the "Trust") looks and feels like a traditional ETF. The Trust seeks to provide qualified institutional buyers (QIBs) access to a convenient and cost-effective way to buy and hold bitcoin through a cleared security that is tradeable through traditional and prime brokerage accounts. The investment objective of the Trust is to reflect the price of bitcoin, less the expenses of the Trust. The bitcoin held by the Trust are protected by multi-factor, cold storage security. The Trust’s bitcoin holdings are audited and insured by a syndicate of A-rated underwriters against loss or theft.3

Key Points

Trading
Continuous, open-end creation and redemption of 144A shares allows market prices to track Net Asset Value (NAV) prices closely overtime; shares are tradeable through brokerage accounts.


Pricing
Institutional level prices from institutional trading firms that are calculated by regulated index firm.2


Storage
Safekeeping bitcoin using multi-factor, cold storage security, plus insurance against loss or theft.3

Trading Information

  • Shares Outstanding

    64,012
  • CUSIP

    92189G104
  • ISIN

    US92189G1040

Fees and Expenses

  • Sponsor Fee*

    2.00%
  • Insurance Fee*

    0.90%
*See the Offering Memorandum for a detailed description of fees and expenses.

Prices as of 11/15/19

NAV/
Last Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
NAV
History
NAV
Chart
XBTCZ $8.42
--
0
0
-$0.19 / -2.18%
$0.00 / +0.00%
--
--

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
09/04/19
XBTCZ (NAV) 11.37 -- -- -- -- -- -- -14.09
XBTCZ (Share Price) -- -- -- -- -- -- -- --
MVBTCO (Index) 11.56 -7.59 151.15 -- -- -- -- -13.79
Performance Differential (NAV - Index) -0.19 -- -- -- -- -- -- -0.30
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
09/04/19
XBTCZ (NAV) -- -- -- -- -- -- -- -22.85
XBTCZ (Share Price) -- -- -- -- -- -- -- --
MVBTCO (Index) -13.54 -26.25 125.12 -- -- -- -- -22.72
Performance Differential (NAV - Index) -- -- -- -- -- -- -- -0.13

Statistics as of 11/15/19

Total Net Assets $539.1k
Bitcoin per Share 0.00099617
Bitcoin per Basket 3.97865
Shares Outstanding 64,012
Bitcoin in Trust 63.7672
MVBTCO (Index) Last Close 8,466.07