VanEck’s spot bitcoin ETF HODL reports $109 million net increase in Q1, $620 million in BTC: filing | Headlines | News | CoinMarketCap
05/14/2024 02:51
A new filing with the Securities and Exchange Commission illuminates key figures for the spot bitcoin exchange-traded fund (ETF) HODL, issued by the …
A new filing with the Securities and Exchange Commission illuminates key figures for the spot bitcoin exchange-traded fund (ETF) HODL, issued by the digital asset arm of the investment manager VanEck.
For the first fiscal quarter ending March 31, 2024, HODL's bitcoin investment amounted to 8,711 BTC, for a value of $619,067,103, and the fund had a $109 million increase in net assets, according to the Monday filing.
HODL also saw $20 million in total liabilities and $6 million in net realized gain on its bitcoin investment as of March 31, as well as 8.2 million shares as of April 30, 2024.
The VanEck Bitcoin Trust, known by its ticker HODL, is an investment vehicle that gives investors exposure to bitcoin without them needing to hold the cryptocurrency itself. VanEck …