Every 424B that VanEck Bitcoin ETF (HODL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HODL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HODL filings page.
VanEck Bitcoin ETF discloses a change to the Bitcoin Benchmark Rate platform composition. Effective November 30, 2025, MarketVector Indexes GmbH replaced Bitstamp and Bullish with Crypto.com and OKX. The Index now uses Coinbase, Crypto.com, Gemini, Kraken and OKX to calculate the benchmark.
VanEck Bitcoin ETF (HODL) is extending its voluntary fee break for investors. From November 25, 2025 through July 31, 2026, the Sponsor will waive the entire Sponsor Fee on the first $2.5 billion of the Trust’s assets.
If assets exceed $2.5 billion during this period, a 0.20% Sponsor Fee will apply to assets above that level, and all investors will pay the same weighted-average fee. After July 31, 2026, the standard Sponsor Fee will be 0.20% on all assets. The Sponsor also notes it may choose future waivers at its discretion and would announce them via prospectus supplements, periodic reports, or the Trust’s website.
VanEck Bitcoin ETF is updating its prospectus to add an in-kind creation and redemption option alongside its existing cash-only process. The ETF will continue to issue and redeem Shares only in blocks of 25,000 Shares, called Creation Baskets, with each basket tied to the net asset value of the bitcoin it represents, less the Sponsor Fee and certain expenses. Authorized Participants, which must be registered broker-dealers or similar institutions, can now either deliver cash for the Trust to buy bitcoin from Liquidity Providers or deliver bitcoin directly to the Bitcoin Custodian, and similarly receive cash or bitcoin on redemption.
The supplement also expands risk disclosures, noting that operational issues at the Bitcoin Custodian, Liquidity Providers, or on the Bitcoin network, as well as limited broker-dealer ability to support in-kind activity, could impair arbitrage, widen premiums or discounts to NAV, reduce liquidity, or even force a halt to creations and redemptions. Detailed procedures are provided for cash and in-kind orders, settlement timing, slippage allocation, and the role of Gemini Clearing and named Liquidity Providers in sourcing or disposing of bitcoin.