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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 02/07/23

  • 30-Day SEC Yield1

    2.11%

  • Total Net Assets

    $29.3M

  • Number of Holdings

    7

  • Options

    Available

  • Net Expense Ratio/TER3

    0.65%

  • Distribution Frequency

    Annual
Schedule a Call
Fund FAQ
How to Buy

Key Documents and Links

XBTF Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • 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

    1,250,000

  • 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 02/07/23

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 $23.47
$23.49 		18,172
5,072 		$0.19 / +1.13%
$0.21 / +1.18% 		+39.78%
+39.96% 		$0.02
0.08% 		0.13%

Premium/Discount History as of 02/07/23

Since Inception 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
XBTF Days closed at a premium 132 31 25 34 24
Days closed at NAV 45 7 10 13 12
Days closed at a discount 107 24 27 17 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) 39.38 17.82 39.38 -37.97 -- -- -- -56.26
XBTF (Price) 39.47 17.80 39.47 -38.02 -- -- -- -56.26
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/15/21
XBTF (NAV) -1.84 -11.34 -62.72 -62.72 -- -- -- -69.40
XBTF (Price) -1.96 -11.73 -64.69 -64.69 -- -- -- -69.42

*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 01/31/23

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
912796Y86
Bond
4,000,000 3,982,985 -- 13.57
United States Treasury Bill
912796CW7
Bond
4,000,000 3,954,467 -- 13.48
United States Treasury Bill
912797FE2
Bond
4,000,000 3,947,278 -- 13.45
United States Treasury Bill
912797FF9
Bond
4,000,000 3,943,482 -- 13.44
United States Treasury Bill
912796YK9
Bond
3,000,000 2,986,613 -- 10.18
United States Treasury Bill
912796Z77
Bond
3,000,000 2,982,060 -- 10.16
Cme Bitcoin Fut Feb23
BTCG3
Future
253 0 29,411,250 0.00
Other/Cash
--
Cash
0 7,549,064 -- 25.72
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 02/07/23

Tax Expense YTD* $36725.63
Net Tax Asset/(Liability) Before Valuation Allowance $-4,108,669.89
Valuation Allowance $4,108,669.89
Net Tax Asset/(Liability) After Valuation Allowance $0.00
Effective Tax Rate 22.15%

* Amount includes current taxes on interest income less fund expenses which for tax purposes cannot be offset by the fund’s capital losses.

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