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XBTF
VanEck Bitcoin Strategy ETF

Fund Description

The VanEck Bitcoin Strategy ETF (XBTF) seeks capital appreciation by investing in bitcoin futures contracts. The Fund is actively managed and offers exposure to bitcoin-linked investments through an accessible exchange traded vehicle. The Fund does not invest in bitcoin or other digital assets directly.

 
 

  • Fund Ticker

    XBTF
  • Exchange

    Cboe
  • Inception Date

    11/15/2021
  • Administrator

    Van Eck Absolute Return Advisers Corporation

 
as of 10/05/22

  • 30-Day SEC Yield1

    0.98%
  • Total Net Assets

    $19.7M
  • Number of Holdings

    7
  • Options

    Available
  • Net Expense Ratio/TER3

    0.65%
  • Distribution Frequency

    Annual
Click here to read the Recommended Insights: Tax Basics of the C-Corp Structure
Click here to read the Recommended Insights: Tax Basics of the C-Corp Structure

Key Points

  • Bitcoin futures exposure through a regulated exchange-traded fund

  • Simplifies the complexities of direct bitcoin ownership

  • C-Corporation structure may provide potential for increased tax efficiency

Trading Information

  • Fund Ticker

    XBTF
  • NAV

    XBTFNV
  • Shares Outstanding

    1,000,000
  • Estimated Cash

    XBTFEU
  • Total Cash

    XBTFTC
  • CUSIP

    92189Y303
  • ISIN

    US92189Y3036
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.65%
  • Current Income Tax Expense2

    --
  • Deferred Income Tax Expense2

    --
  • Other Expenses

    --
  • Net Expense Ratio/TER3

    0.65%

Investment Professionals

  • Portfolio Manager for the VanEck Bitcoin Strategy ETF, Deputy Portfolio Manager for the Commodity Index Strategy and Head of Active Trading with extensive experience in commodities, natural resource equities and emerging markets
  • Joined VanEck in 1994
  • CFA charterholder; member of the CFA Society New York
  • BS (Beta Gamma Sigma National Honor Society), Finance (minor in Economics), Syracuse University

Prices as of 10/05/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
XBTF $19.70
$19.69
28,795
6,219
$-0.14 / -0.71%
$-0.15 / -0.76%
-56.40%
-58.70%
$-0.01
-0.04%
0.16%

Premium/Discount History as of 10/05/22

Since Inception 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 108 18 31 25 34
XBTF Days closed at NAV 34 3 7 10 13
Days closed at a discount 82 12 24 27 17

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -2.82 4.08 -57.95 -- -- -- -- -70.27
XBTF (Price) -2.55 4.38 -60.00 -- -- -- -- -70.16
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -2.82 4.08 -57.95 -- -- -- -- -70.27
XBTF (Price) -2.55 4.38 -60.00 -- -- -- -- -70.16

Top 10 Holdings (%) as of 09/30/22 Daily Holdings

Total Holdings: 7
Swipe
to view
full data
Holding Name
Ticker
Asset
Class
Contracts/
Shares
Market Value
(US$)
Notional
Value
(US$)
% of Net
Assets
United States Cash Management Bill
912796ZL6
Bond
4,000,000 3,955,945 -- 20.82
United States Treasury Bill
912796P94
Bond
3,000,000 2,985,729 -- 15.72
United States Treasury Bill
912796M89
Bond
2,000,000 1,999,592 -- 10.53
United States Cash Management Bill
912796YF0
Bond
2,000,000 1,996,908 -- 10.51
United States Treasury Bill
912796W54
Bond
2,000,000 1,994,303 -- 10.50
United States Cash Management Bill
912796YQ6
Bond
2,000,000 1,993,245 -- 10.49
Cme Bitcoin Fut Oct22
BTCV2
Future
195 0 18,939,375 0.00
Other/Cash
--
Cash
0 4,072,230 -- 21.44
Total 100.00
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Tax Accrual
as of 10/05/22

Tax Expense YTD $0.00
   
Net Tax Asset/(Liability) Before Valuation Allowance $-5,059,859.03
Valuation Allowance $5,059,859.03
Net Tax Asset/(Liability) After Valuation Allowance $0.00
Effective Tax Rate 22.15%