Key Highlights

  • The units traded at $21.90 on 9 November 2026, down 17 cents or 0.81 per cent from the previous close of $22.08.
  • The fund holds shares in the VanEck Bitcoin ETF (HODL), which accounts for 99.97 per cent of assets.
  • The reported fund size is about $300.33 million, with 13,602,000 units outstanding.
  • Management fees and costs are 0.45 per cent a year, and the fund does not record any distributions.

The VanEck Bitcoin ETF (ASX:VBTC) gives Australian investors exposure to the price of bitcoin through a structure that holds shares in a separate US-listed bitcoin fund. As at 9 November 2026, the units traded at $21.90, within a bid and offer range of $21.94 to $21.98. The fund reports a size of about $300.33 million, sits in the Miscellaneous category and was admitted to the ASX on 20 June 2024.

Fund fact

Detail

Last price

$21.90

Previous close

$22.08

Fund size

About $300.33 million

Units outstanding

13,602,000

Management fees and costs

0.45% a year

Distributions

None recorded

How the Structure Works

The fund employs a passive Investment strategy, investing in shares of the VanEck Bitcoin ETF, which in turn invests in bitcoin. This two-layer arrangement means that unitholders on the ASX do not hold bitcoin directly, but their returns are closely linked to the value of bitcoin held by the underlying fund.

The benchmark is the MarketVector Bitcoin Benchmark Rate, and the structure is designed so that the unit price reflects bitcoin movements after the fund's costs. Investors should note that the fund is priced in Australian dollars while the underlying bitcoin exposure is valued in US dollars, so currency movements can also affect the unit price.

Size, Holdings and Concentration

The fund's holdings are almost entirely a single position, with the VanEck Bitcoin ETF accounting for 99.97 per cent of assets. The remaining 0.03 per cent consists of cash and other minor items. That level of concentration means the fund's performance is effectively tied to a single underlying product and to bitcoin itself.

The fund reports a size of about $300.33 million across 13,602,000 units outstanding. Bitcoin prices can move sharply over short periods, and the unit price will reflect those movements alongside the fund's management costs of 0.45 per cent a year.

Trading, Costs and Filings

The units fell 0.81 per cent during the session, trading between $21.80 and $22.49 intraday. Session Volume of 46,779 units was above the average of about 45,847 units, suggesting active trading in the fund.

Management fees and costs are 0.45 per cent a year. The fund does not record any distributions, so unitholder returns depend on movements in the unit price. Recent filings include the Annual Report for the year ended 30 June 2026 and the issued units outstanding report for 31 October 2026.

Final Word

The VanEck Bitcoin ETF offers ASX investors a way to access bitcoin exposure through a single listed product, using a structure that holds shares in a US-listed bitcoin fund. The unit price fell during the session, the fee is 0.45 per cent a year, and no distributions are recorded, which means returns depend on the bitcoin price and the currency movements that affect the unit price. The product disclosure statement is the most detailed source for how the structure is maintained.