XBTFVanEck 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
$29.3M -
Number of Holdings
7 -
Options
Available -
Net Expense Ratio/TER3
0.65% -
Distribution Frequency
Annual
Why Bitcoin is Rallying
Key Documents and Links
Fund Highlights
- Bitcoin futures exposure through a regulated exchange-traded fund
- Simplifies the complexities of direct bitcoin ownership
- C-Corporation structure may provide potential for increased tax efficiency
Trading Information
-
Fund Ticker
XBTF -
NAV
XBTFNV -
Shares Outstanding
1,250,000 -
Estimated Cash
XBTFEU -
Total Cash
XBTFTC -
CUSIP
92189Y303 -
ISIN
US92189Y3036
Fees and Expenses2
-
Management Fee
0.65% -
Current Income Tax Expense2
-- -
Deferred Income Tax Expense2
-- -
Other Expenses
-- -
Net Expense Ratio/TER3
0.65%
Investment Professionals
Gregory Krenzer, CFA
- Portfolio Manager for the VanEck Bitcoin Strategy ETF, Deputy Portfolio Manager for the Commodity Index Strategy and Head of Active Trading with extensive experience in commodities, natural resource equities and emerging markets
- Joined VanEck in 1994
- CFA charterholder; member of the CFA Society New York
- BS (Beta Gamma Sigma National Honor Society), Finance (minor in Economics), Syracuse University
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/15/21 |
|
---|---|---|---|---|---|---|---|---|
XBTF (NAV) | 39.38 | 17.82 | 39.38 | -37.97 | -- | -- | -- | -56.26 |
XBTF (Price) | 39.47 | 17.80 | 39.47 | -38.02 | -- | -- | -- | -56.26 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/15/21 |
|
---|---|---|---|---|---|---|---|---|
XBTF (NAV) | -1.84 | -11.34 | -62.72 | -62.72 | -- | -- | -- | -69.40 |
XBTF (Price) | -1.96 | -11.73 | -64.69 | -64.69 | -- | -- | -- | -69.42 |
Top 10 Holdings (%) as of 01/31/23
Daily Holdings
Holding Name
|
Ticker
|
Asset
Class |
Contracts/ Shares |
Market Value (US$) |
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 |
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.