Skip directly to Accessibility Notice

XBTF
VanEck Bitcoin Strategy ETF

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

 
as of 09/29/22

  • 30-Day SEC Yield1

    0.93%

  • Total Net Assets

    $18.9M

  • Number of Holdings

    7

  • Options

    Available

  • Net Expense Ratio/TER3

    0.65%

  • Distribution Frequency

    Annual
Schedule a Call
Fund FAQ
How to Buy
Click here to read the Recommended Insights: Tax Basics of the C-Corp Structure
Click here to read the Recommended Insights: Tax Basics of the C-Corp Structure

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

    1,000,000

  • 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 09/29/22

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 $18.94
$18.94 		25,931
18,914 		$-0.15 / -0.76%
$-0.14 / -0.75% 		-58.08%
-60.29% 		$0.00
-0.01% 		0.15%

Premium/Discount History as of 09/29/22

Since Inception 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 107 0 18 31 25
XBTF Days closed at NAV 33 0 3 7 10
Days closed at a discount 80 0 12 24 27

Performance History: Average Annual Total Returns* (%)
View All ETFs

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -16.14 -36.65 -56.73 -- -- -- -- -69.41
XBTF (Price) -15.83 -36.61 -58.96 -- -- -- -- -69.38
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -40.85 -59.26 -59.60 -- -- -- -- -71.44
XBTF (Price) -40.82 -59.22 -61.68 -- -- -- -- -71.41

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/22 Daily Holdings

Total Holdings: 8
Swipe
to view
full data
Holding Name
Ticker
Asset
Class
 Contracts/
Shares 		Market Value
(US$) 		Notional
Value
(US$) 		% of Net
Assets
United States Cash Management Bill
912796XX2
Bond
 3,000,000 2,995,087 -- 16.13
United States Treasury Bill
912796P94
Bond
 3,000,000 2,978,268 -- 16.04
United States Cash Management Bill
912796XU8
Bond
 2,000,000 1,999,444 -- 10.77
United States Treasury Bill
912796M89
Bond
 2,000,000 1,995,722 -- 10.75
United States Cash Management Bill
912796YF0
Bond
 2,000,000 1,992,160 -- 10.73
United States Treasury Bill
912796W54
Bond
 2,000,000 1,989,892 -- 10.71
United States Cash Management Bill
912796YQ6
Bond
 2,000,000 1,989,000 -- 10.71
Cme Bitcoin Fut Sep22
BTCU2
Future
 185 0 18,560,125 0.00
Other/Cash
--
Cash
 0 2,632,771 -- 14.18
Total 100.00
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Tax Accrual
as of 09/29/22

Tax Expense YTD $0.00
   
Net Tax Asset/(Liability) Before Valuation Allowance $-5,227,026.62
Valuation Allowance $5,227,026.62
Net Tax Asset/(Liability) After Valuation Allowance $0.00
Effective Tax Rate 22.15%