NEOS Holdings: 5.41M Shares (9.24%) of VanEck Bitcoin ETF (HODL)

Rhea-AI Filing Summary

NEOS Investment Management LLC reports beneficial ownership of 5,406,937 Shares (9.24%) in VanEck Bitcoin ETF as of 12/31/2025. The filing states NEOS has sole voting and dispositive power over all 5,406,937 shares. The Schedule 13G was signed on 03/10/2026 by Robert Shea.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

VanEck Bitcoin ETF

(Name of Issuer)

Shares

(Title of Class of Securities)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

NEOS Investment Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,406,937.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,406,937.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,406,937.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: VanEck Bitcoin ETF
(b)	Address of issuer's principal executive offices: 666 Third Avenue, 9th Floor, New York, NY 10017
Item 2.
(a)	Name of person filing: NEOS Investment Management LLC
(b)	Address or principal business office or, if none, residence: 13 Riverside Avenue, Westport, CT 06880
(c)	Citizenship: Connecticut
(d)	Title of class of securities: Shares
(e)	CUSIP No.: 92189K105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,406,937
(b)	Percent of class: 9.24%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,406,937
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,406,937
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NEOS Investment Management LLC

Signature:	/s/ Robert Shea
Name/Title:	Robert Shea / Chief Operating Officer and Chief Financial Officer
Date:	03/10/2026

FAQ

What stake does NEOS report in VanEck Bitcoin ETF (HODL)?

NEOS reports beneficial ownership of 5,406,937 shares (9.24%). The Schedule 13G states this position is as of 12/31/2025 and shows sole voting and dispositive power over those shares.

When is the ownership position in the HODL filing dated?

The reported ownership is dated 12/31/2025 as the position date. The Schedule 13G was signed and filed on 03/10/2026 by NEOS’ CFO, Robert Shea.

Does NEOS have voting control over the HODL shares it reports?

Yes, NEOS states it holds sole voting and sole dispositive power for 5,406,937 shares. The filing lists zero shared voting or dispositive power for this position.

Is NEOS’ 9.24% position in HODL considered a controlling stake?

No, a 9.24% stake is a large minority holding but not a controlling interest. The Schedule 13G discloses ownership and sole voting power without indicating control or a control intent.