The Vaneck Bitcoin Trust is a Bitcoin ETF designed to track BTC price performance after deducting operational expenses. It serves as a passive investment, providing cost-effective exposure to Bitcoin within a conventional and regulated framework. The ETF is backed by physically held Bitcoin stored in cold storage at a regulated custodian. Daily valuation of the Trust's shares is based on carefully assessed prices from a select group of exchanges. The company was founded on December 17, 2020 and is headquartered in New York, NY.