(HODL) Bitcoin Trust - BATS
ETF Category: Digital Assets | Exchange: BATS (USA) | Market Cap: 1.049m USD | Total Return: -38.7% in 12m
Avg Turnover: 23.3M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The VanEck Bitcoin Trust (HODL) is an exchange-traded fund designed to provide direct exposure to the price of bitcoin. The trust holds physical bitcoin and determines its Net Asset Value (NAV) daily using the MarketVector Bitcoin Benchmark Rate, a methodology that aggregates pricing data from major cryptocurrency exchanges.
The fund utilizes an in-kind or cash creation and redemption process through authorized participants, a mechanism common to commodity ETFs that helps align the share price with the underlying spot market. Spot bitcoin ETFs eliminate the need for investors to manage private keys or utilize digital wallets, shifting the technical burdens of custody to institutional-grade providers. For a deeper look into the fundamental drivers of digital asset valuations, consider reviewing the analysis on ValueRay.
- Spot price volatility of Bitcoin dictates Net Asset Value fluctuations
- Institutional adoption and ETF inflows drive underlying asset demand
- Competitive fee environment among spot Bitcoin ETFs impacts fund flows
- Regulatory shifts in digital asset custody affect operational risk profiles
- Macroeconomic shifts in global liquidity and interest rates influence Bitcoin valuation
As of June 19, 2026, the stock is trading at USD 17.80 with a total of 1,546,975 shares traded.
Over the past week, the price has changed by +3.71%,
over one month by -16.44%,
over three months by -13.98% and
over the past year by -38.74%.
Bitcoin Trust has no consensus analysts rating.