Skip directly to Accessibility Notice

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
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company

 
as of 12/01/21

  • 30-Day SEC Yield1

    --
  • Total Net Assets

    $16.9M
  • Number of Holdings

    6
  • 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

    300,000
  • 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 12/01/21

NAV/
Market Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
Premium/
Discount
Prem/Discount
Distribution Charts
NAV &
Prem/Discount
History
30-Day
Median
Bid Ask
Spread
NAV
Chart
XBTF $56.43
$56.28
0
26,792
-$0.78 / -1.37%
$-0.91 / -1.59%
-11.70%
--
$-0.15
-0.27%
0.16%

Premium/Discount History as of 12/01/21

Since Inception 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 7 0 0 0 0
XBTF Days closed at NAV 1 0 0 0 0
Days closed at a discount 4 0 0 0 0


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) -- -- -- -- -- -- -- --
XBTF (Price) -- -- -- -- -- -- -- --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -- -- -- -- -- -- -- --
XBTF (Price) -- -- -- -- -- -- -- --

Top 10 Holdings (%) as of 11/30/21 Daily Holdings

Total Holdings: 5
Holding Name
Ticker
Asset Class
Contracts/Shares Market Value
(US$)
Notional Value
(US$)
% of Net
Assets
United States Treasury Bill
912796L98
Bond
2500000 2,499,690 -2,499,690 14.56
United States Treasury Bill
912796L72
Bond
2300000 2,299,795 -2,299,795 13.40
United States Cash Management Bill
912796S75
Bond
1500000 1,499,786 -1,499,786 8.74
Cme Micro Bitcoin Fut Dec21
BMRZ1
Future
2.6 0 14,965 0.00
Cme Bitcoin Fut Dec21
BTCZ1
Future
59 0 17,045,100 0.00
Other/Cash
--
Cash
-- 10,866,270 63.30
Top 10 Total (%) 100.00
← Scroll for more information →
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Tax Accrual
as of 12/01/21

  • Tax Expense YTD

    $0.00
  •  

  • Net Tax Asset/(Liability) Before Valuation Allowance

    $-282,247.13
  • Valuation Allowance

    $282,247.13
  • Net Tax Asset/(Liability) After Valuation Allowance

    $0.00
  • Effective Tax Rate

    22.15%