VanEck Bitcoin ETF
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Operations
Statements of Operations
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | |
|---|---|---|
| Expenses | ||
| Sponsor fee, related party | $3,253,581 | $1,323,357 |
| Total expenses | 3,253,581 | 1,323,357 |
| Sponsor fee waiver, related party | (3,253,581) | (1,259,786) |
| Net expenses | — | 63,571 |
| Net investment loss | — | (63,571) |
| Net realized gain and net change in unrealized appreciation (depreciation) | ||
| Net realized gain on: | ||
| Bitcoin sold for redemption of shares | 84,758,748 | 34,414,287 |
| Bitcoin distributed for Sponsor fee, related party | — | 10,977 |
| Net realized gain on 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 realized gain and net change in unrealized appreciation (depreciation) | (194,003,212) | 419,032,019 |
| Net increase (decrease) in net assets resulting from operations | $(194,003,212) | $418,968,448 |
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