VanEck Bitcoin ETF (HODL) swaps two Index platforms, effective Nov 30, 2025

Rhea-AI Filing Summary

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.

Insights

Index Methodology Analyst

Index constituents updated by the index sponsor to alter platform inputs.

MarketVector Indexes GmbH changed the constituent trading platforms used in the Bitcoin Benchmark Rate, replacing Bitstamp and Bullish with Crypto.com and OKX, effective November 30, 2025. This is a composition update to the input set for the Index calculation.

The change adjusts which venue price streams feed the benchmark; the filing lists the current platform set as Coinbase, Crypto.com, Gemini, Kraken and OKX. The update is procedural and timing is stated verbatim as Effective November 30, 2025. Subsequent disclosures may provide performance or methodology impact details.

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Accepted by SEC EDGAR 12/03/2025 - 03:52 PM Learn about SEC filing dates

FAQ

What change did VanEck Bitcoin ETF (HODL) disclose?

The prospectus supplement states the Index replaced Bitstamp and Bullish with Crypto.com and OKX, effective November 30, 2025. The filing lists the Index platforms as Coinbase, Crypto.com, Gemini, Kraken and OKX.

When did the Index platform composition change take effect for HODL?

The supplement specifies the change was effective November 30, 2025. MarketVector Indexes GmbH implemented the swap of Bitstamp and Bullish for Crypto.com and OKX on that date.

Which platforms now feed the Bitcoin Benchmark Rate for HODL?

The supplement lists five constituent platforms: Coinbase, Crypto.com, Gemini, Kraken and OKX. These venues are now used to calculate the Bitcoin Benchmark Rate per the supplement.

Who is the index sponsor that made the platform change?

The filing names MarketVector Indexes GmbH as the index sponsor and index administrator responsible for replacing Bitstamp and Bullish with Crypto.com and OKX, effective November 30, 2025.

Does the supplement describe any performance impact from the change?

The supplement only discloses the platform composition change and the current platform list; it does not include quantified performance or methodology impact information in the provided excerpt.

Filed pursuant to Rule 424(b)(3)

Registration No. 333-251808

VANECK BITCOIN ETF

SUPPLEMENT NO. 12 DATED DECEMBER 3, 2025

TO THE PROSPECTUS DATED MARCH 1, 2024

This prospectus supplement (“Supplement”) is part of and should be read in conjunction with the prospectus of VanEck Bitcoin ETF, dated March 1, 2024 (as supplemented to date, the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.

The purpose of this Supplement is to disclose a change in the platform composition of the Index.

Platform Composition of the Index

Effective November 30, 2025, MarketVector Indexes GmbH, the index sponsor and index administrator for the MarketVectorTM Bitcoin Benchmark Rate (the “Index”), replaced Bitstamp and Bullish with Crypto.com and OKX, respectively, as constituent trading platforms used to calculate the Index. The current platform composition of the Index is Coinbase, Crypto.com, Gemini, Kraken and OKX.