VBTCVanEck Bitcoin ETN
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
Product Details
-
Product Ticker
VBTC -
Custodian
Bank Frick & Co. AG -
Domicile
Liechtenstein -
UCITS Compliant
No -
UCITS Eligible
Yes* -
Index Ticker
MVBTCV -
Index Provider
MarketVector Indexes GmbH
2The date the ETN was launched prior to quotation on the stock exchange.
*This might be seen differently by local regulators in single EU member states and the fund manager is recommended to verify this.
as of 02 Jun 2023
-
NAV1
14.67 -
Notes Outstanding
10,905,000 -
Number of Holdings
1 -
Base Currency
USD -
Net Assets
$160.0M -
Product Structure
Physical (Full Replication) -
Income Treatment
Reinvestment -
Distribution Frequency
None -
Total Expense Ratio
1.00% - Fact Sheet
- Holiday Calendar
Trading Information as of 02 Jun 2023
Swiss Exchange
USD
| Exchange Ticker | VBTC |
| ISIN | DE000A28M8D0 |
| SEDOL | BM90K48 |
| Bloomberg | VBTC SE |
| Reuters (RIC) | VBTC.S |
| Valor | 58450415 |
| Bloomberg iNAV | VBTCIV |
| Reuters iNAV | -- |
| WKN | A28M8D |
| Trading Currency | USD |
| Last Traded Price | 14.64 |
| Day's Move | 0.05 |
| Volume | 0 |
| 30 Day Volume | 1,076 |
| VWAP Volume | 4,109 |
Performance History* (%)
| 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ETN INCEPTION | |
|---|---|---|---|---|---|---|---|---|
| VBTC (NAV) | 3.18 | 26.45 | 75.98 | -24.80 | -- | -- | -- | 20.77 |
| MVBTCV (Index) | 3.26 | 26.74 | 76.50 | -24.02 | 49.23 | 25.75 | -- | 22.12 |
| Performance Differential (NAV - Index) | -0.08 | -0.29 | -0.52 | -0.78 | -- | -- | -- | -1.35 |
| 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ETN INCEPTION | |
|---|---|---|---|---|---|---|---|---|
| VBTC (NAV) | 20.90 | 70.56 | 70.56 | -40.54 | -- | -- | -- | 19.97 |
| MVBTCV (Index) | 20.98 | 70.92 | 70.92 | -39.92 | 63.79 | 31.77 | -- | 21.31 |
| Performance Differential (NAV - Index) | -0.08 | -0.36 | -0.36 | -0.62 | -- | -- | -- | -1.34 |
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| ETN (NAV) | -- | -- | -- | 69.28 | -65.77 |
| MVBTCV (Index) | -71.43 | 90.32 | 289.62 | 69.51 | -65.41 |
Market Makers
Authorised Participants
Registered Countries
Top 10 Holdings (%) as of 30 Apr 2023 View All Holdings »
| Holding Name |
Ticker
|
Number |
Market Value (USD) |
% of Net Assets |
|---|---|---|---|---|
| Bitcoin | BTC | 5,879 | 171,281,221 | 100.04 |
| Other/Cash | -- | 0 | -61,965 | -0.04 |
| Top 10 Total (%) | 100.00 | |||