HODL — VanEck Bitcoin ETF

HODL Price Performance — Growth of $10,000

Value of a $10,000 investment in HODL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

HODL Drawdown

The "underwater" chart: HODL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The VanEck Bitcoin ETF (HODL) is a crypto-focused fund issued by VanEck with $1.21 billion in assets under management. It holds an ETFValuer grade of F, ranking 8th out of 11 peers in its category and 448th of 458 tracked ETFs overall. The fund carries no expense ratio, contrasting with the category median of 0.25%, and offers a dividend yield of 0.00%, matching the sector average. Holdings data is not available for this vehicle.

Price action shows the fund trading at $22.18, which sits at 29.9% of its 52-week range between $16.40 and $35.76. Short-term momentum has been positive, with one-month and three-month returns of +20.87% and +23.77% respectively, diverging from a year-to-date decline of -12.57%. The one-year return of -29.77% is slightly above the category median of -29.91%. The rating has remained unchanged at grade F over the last 35 tracked days, and the analysis is limited by only 2.6 years of price history.

The fund exhibits Very High volatility at 45.05% annualized, accompanied by a negative Sharpe ratio of -0.77. A maximum drawdown of -53.20% indicates significant historical peak-to-trough declines. Liquidity is supported by an average daily volume of 1,320,704 shares and a bid-ask spread of 0.18%. Beta data is not provided for this asset.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.78% (as of 2026-09-04) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.30 (as of 2026-09-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

HODL Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.18% and average daily volume is 1.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.21B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: HODL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

HODL Performance History

How HODL Compares to Other Crypto ETFs