VanEck Bitcoin Trust

The ticker HODL is a crypto in-joke, a misspelling of hold that became a mantra for coinholders who refuse to sell. VanEck leaned into it for its spot bitcoin fund, which holds actual bitcoin and tracks the coin's price. It launched in January 2024 in the same wave that produced roughly a dozen competing US spot bitcoin ETFs. VanEck priced it aggressively, waiving fees early to draw assets, and positioned it as a low-cost way to own bitcoin through a brokerage account. The value proposition matches its rivals: regulated exposure to bitcoin without managing wallets, keys, or exchange accounts. What differs is mostly branding and fees, since every fund in the category holds the same underlying asset. Buyers get bitcoin's upside and its sharp drawdowns in equal measure.

On MyRWA, HODL trades tokenized across 1 on-chain venue - see the listings below.