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XBTF
VanEck Bitcoin Strategy ETF

Lowest Cost U.S. Bitcoin-Linked ETF
Lowest Cost U.S. Bitcoin-Linked ETF

Launch Announcement

  • Lowest cost bitcoin-linked ETF on the U.S. market.
  • Uniquely structured as a C-corporation, aiming to provide a more efficient tax experience for long-term investors.
  • Actively managed by a highly qualified team with decades of experience in the futures markets.

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
  • Custodian

    State Street Bank and Trust Company

 
as of 05/17/22

  • 30-Day SEC Yield1

    -0.31%
  • Total Net Assets

    $22.0M
  • Number of Holdings

    7
  • Options

    Available
  • Net Expense Ratio/TER3

    0.65%
  • Distribution Frequency

    Annual
Click here to read the Recommended Insights - Bitcoin Strategy ETF - Questions - Answers
Click here to read the Recommended Insights - Bitcoin Strategy ETF - Questions - Answers

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

    750,000
  • 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 05/17/22

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 $29.28
$29.28
28,614
15,535
$0.49 / +1.69%
$0.49 / +1.70%
-35.20%
-38.59%
$0.00
0.02%
0.13%

Premium/Discount History as of 05/17/22

Since Inception 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 63 0 0 18 31
XBTF Days closed at NAV 18 0 0 3 7
Days closed at a discount 46 0 0 12 24

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) -16.52 -1.17 -17.21 -- -- -- -- -41.48
XBTF (Price) -16.52 -1.27 -21.56 -- -- -- -- -41.48
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) 8.58 -0.82 -0.82 -- -- -- -- -29.89
XBTF (Price) 8.74 -6.04 -6.04 -- -- -- -- -29.90

Top 10 Holdings (%) as of 04/30/22 Daily Holdings

Total Holdings: 7
Holding Name
Ticker
Asset Class
Contracts/Shares Market Value
(US$)
Notional Value
(US$)
% of Net
Assets
UNITED STATES TREASURY BILL
912796K57
Bond
6000000 5,990,510 -5,990,510 22.88
UNITED STATES TREASURY BILL
912796H44
Bond
5000000 4,999,492 -4,999,492 19.10
UNITED STATES TREASURY BILL
912796R43
Bond
3000000 2,997,464 -2,997,464 11.45
UNITED STATES TREASURY BILL
912796S67
Bond
3000000 2,992,851 -2,992,851 11.43
UNITED STATES CASH MANAGEMENT BILL
912796V97
Bond
2500000 2,498,679 -2,498,679 9.54
UNITED STATES CASH MANAGEMENT BILL
912796W39
Bond
2000000 1,998,045 -1,998,045 7.63
CME BITCOIN FUT MAY22
BTCK2
Future
137 0 26,225,225 0.00
OTHER/CASH
--
Cash
-- 4,704,735 17.97
Top 10 Total (%) 100.00
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Tax Accrual
as of 05/17/22

Tax Expense YTD $0.00
   
Net Tax Asset/(Liability) Before Valuation Allowance $-3,281,987.90
Valuation Allowance $3,281,987.90
Net Tax Asset/(Liability) After Valuation Allowance $0.00
Effective Tax Rate 22.15%