VanEck Bitcoin ETF

For the period ended Dec 31, 2025. Filed Mar 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 12, 2026

HODL$21.14-1.3%Stored close · as of Nov 9, 2026

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Contents

Statement of Changes in Net Assets

Statements of Changes in Net Assets

	Year Ended December 31, 2025	Year Ended December 31, 2024
Net increase from operations
Net investment loss	$—	$(63,571)
Net realized gain from investment in bitcoin	84,758,748	34,425,264
Net change in unrealized appreciation (depreciation) from investment in bitcoin	(278,761,960)	384,606,755
Net increase (decrease) in net assets resulting from operations	(194,003,212)	418,968,448
Capital Share transactions
Contributions for shares issued	776,285,157	1,145,143,775
Withdrawals for shares redeemed	(480,458,287)	(283,761,891)
Net increase in capital share transactions	295,826,870	861,381,884
Net increase in net assets	101,823,658	1,280,350,332
Net assets:
Beginning of year	1,280,450,332	100,000
End of year	$1,382,273,990	$1,280,450,332

VANECK BITCOIN ETF

Schedules of Investment

Description · Quantity · Cost · Fair Value
Bitcoin	15,809.70	$1,276,429,195		$1,382,273,990
Total Investment in Bitcoin – 100.00%				1,382,273,990
Liabilities in Excess of Other Assets – 0.00%				—
Net Assets – 100.00%				$1,382,273,990
Description	Quantity	Cost	Fair Value
Bitcoin	13,716.83	$895,843,577		$1,280,450,332
Total Investment in Bitcoin – 100.00%				1,280,450,332
Liabilities in Excess of Other Assets – 0.00%				—
Net Assets – 100.00%				$1,280,450,332

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.