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VBTC

Bitcoin ETP
VanEck Bitcoin ETN

VBTC

Bitcoin ETP
VanEck Bitcoin ETN

ISIN: DE000A28M8D0 copy-icon

Product Description

Combine the excitement of bitcoin with the ease and security of traditional finance. Bitcoin is the oldest cryptocurrency, with the largest market capitalisation. It is often seen as digital gold, a digital store of value in an age of uncertainty. The VanEck Bitcoin ETN is a fully-collateralized exchange traded note that invests in bitcoin.

  • NAV
    $35.20

    as of 20 Jun 2024
  • YTD RETURNS
    53.49%

    as of 20 Jun 2024
  • Total Net Assets
    $453.99 million

    as of 20 Jun 2024
  • Total Expense Ratio
    1.00%
  • Inception Date
    19 Nov 2020

Overview

Product Description

Combine the excitement of bitcoin with the ease and security of traditional finance. Bitcoin is the oldest cryptocurrency, with the largest market capitalisation. It is often seen as digital gold, a digital store of value in an age of uncertainty. The VanEck Bitcoin ETN is a fully-collateralized exchange traded note that invests in bitcoin.

  • 100% backed by bitcoin (BTC)
  • Stored at a regulated crypto custodian, with crypto insurance (up to a limited amount)
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)

Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks

Underlying Index

MarketVector Bitcoin VWAP Close Index (MVBTCV Index).

Fund Highlights

  • 100% backed by bitcoin (BTC)
  • Stored at a regulated crypto custodian, with crypto insurance (up to a limited amount)
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)

Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks

Underlying Index

MarketVector Bitcoin VWAP Close Index (MVBTCV Index).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Literature

Index

Index Description

MVBTCV is a rules based, modified capitalization weighted index intended to give investors a means of tracking the overall performance of the leading digital asset regarding size, liquidity, legitimacy/quality and infrastructure. The intraday price, which is disseminated every 15 seconds, is based on a methodology which collects prices from several digital assets exchanges and weights them based on their liquidity. The closing price, disseminated at 16:00:00 PM CET is a volume weighted average of the last 60 minutes prior to close. Further information about MVBTCV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.