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) operates within the Crypto category, which currently contains 11 ETFs tracked by ETFValuer. Issued by VanEck, the fund holds $952 million in assets under management and trades at a price of $18.05. It carries an overall rank of #450 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of F with a score of 29.7 out of 100. The fund does not report an expense ratio or a dividend yield, which stands at 0.00%. The absence of a reported expense ratio and the zero dividend yield suggest a structure focused entirely on capital appreciation rather than income generation. With an AUM of $952 million, the fund represents a significant position within its specific category despite its low overall ranking among all tracked funds.

Recent performance data shows a sharp decline over the last day at -1.72% and a further drop of -3.99% over the past week. Over the last month, the fund posted a positive return of +6.97%, contrasting with a -17.00% loss over the three-month period. The six-month return stands at -27.09%, while the year-to-date figure is -28.87%. The one-year return is recorded at -45.42%, and the three-year return is not available. This pattern indicates a significant divergence between short-term fluctuations and the sustained negative trend observed over longer horizons.

The fund is assigned a Very High volatility label, reflecting the unstable nature of its price movements. The Sharpe ratio is -1.14, indicating that the returns have not compensated investors for the level of risk taken. A maximum drawdown of -53.20% highlights the potential for severe capital loss during market downturns. Although the beta is not reported, the combination of a negative Sharpe ratio and a deep maximum drawdown suggests the fund experiences significant downside pressure without consistent upside compensation. These metrics collectively describe an asset class that exhibits extreme sensitivity to market shifts and substantial risk of loss.

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

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 — and average daily volume is 1.2M/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 $952M 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