VanEck Bitcoin Trust

Fund Description

VanEck Bitcoin Trust, HODL provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency

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FactSet Analyst Report

HODL passively tracks Bitcoins market price using the MarketVector Bitcoin Benchmark Rate, drawing data from the top five Bitcoin trading platforms. This benchmark rate is supported by the CCData Centralized Exchange Benchmark ReviewReport, employing a methodology to evaluate a range of risk factors across eight categories, aiming to enhance transparency and accountability in the digital asset trading sector. The fund offers exposure to Bitcoins price by allowing the purchase of its shares, a streamlined way to gain indirect exposure to the cryptocurrency market. HODL focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification into digital assets within more traditional investment products, HODL is structured to mirror Bitcoins price movements and is aimed at investors seeking indirect exposure to the digital asset market while avoiding the complexities of direct cryptocurrency ownership.

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