$HODL Bitcoin Spot ETF Performance After Jan 11 Debut- Selloff to start the trading day
- Potential reversal forming around $52.43 with a very suspicious wick below
- Low trading volume = Only $337k and counting
Key stats
About VANECK BITCOIN ETF
Home page
Inception date
Jan 11, 2024
Structure
Grantor Trust
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
HODL passively tracks Bitcoins market price using the MarketVector Bitcoin Benchmark Rate, drawing data from the top five Bitcoin trading platforms. This benchmark rate is supported by the CCData Centralized Exchange Benchmark Review Report, employing a methodology to evaluate a range of risk factors across eight categories, aiming to enhance transparency and accountability in the digital asset trading sector. The fund offers exposure to Bitcoins price by allowing the purchase of its shares, a streamlined way to gain indirect exposure to the cryptocurrency market. HODL focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification into digital assets within more traditional investment products, HODL is structured to mirror Bitcoins price movements and is aimed at investors seeking indirect exposure to the digital asset market while avoiding the complexities of direct cryptocurrency ownership.
Classification
Symbol
Geography
Global
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HODL trades at 28.10 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on HODL price chart.
HODL net asset value is 30.42 today — it's risen 6.46% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HODL assets under management is 1.68 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
See more dynamics on HODL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 32.61% increase in three-month performance and has increased by 17.13% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 32.61% increase in three-month performance and has increased by 17.13% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HODL expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HODL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, HODL doesn't pay dividends to its holders.
HODL trades at a premium (9.50%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HODL shares are issued by Van Eck Associates Corp.
HODL follows the MarketVector Bitcoin Benchmark Rate - USD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 11, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.