XBTF
VanEck Bitcoin Strategy ETF
XBTF
VanEck Bitcoin Strategy ETF
-
NAV
$27.00
as of June 02, 2023 -
YTD RETURNS
60.79%
as of June 02, 2023 -
Total Net Assets
$40.51M
as of June 02, 2023 -
Total Expense Ratio
0.76% -
Inception Date
11/15/2021
Van Eck Absolute Return Advisers Corporation (the "Adviser") will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses (except that the Adviser will pay any net account or similar fees charged by futures commission merchants ("FCMs")), taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2023.
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.
Overview
Fund Highlights
- 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
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