VanEck Bitcoin ETF reported a net loss for the second quarter of 2026, recording a $(148.16M) decrease from operations for the three months ended June 30, 2026, compared with a $348.34M net increase in the year-ago quarter as disclosed in its 10-Q filing.
Financial Highlights
- Net income: $(148.16M) net decrease from operations for 2Q 2026 (three months ended June 30, 2026) vs $348.34M net increase in the year-ago quarter.
- Net income (6M): $(458.07M) net decrease from operations for 1H 2026 (six months ended June 30, 2026) vs $193.36M net increase in the year-ago period.
- Diluted earnings per share: Not reported in Part 1 Item 1/2 and omitted from the filing disclosures.
Business Highlights
- NAV & price movement: Trust net asset value fell 30.6% year-to-date to $958.8M, driven by a 32.5% decline in the price of bitcoin, which directly reduced asset values held by the Trust.
- Share creation/redemption activity: Outstanding shares modestly increased to 57.425M; year-to-date activity included 485 baskets created versus 424 redeemed, indicating net issuance and participant inflows.
- Liquidity & funding: Primary liquidity for Trust operations is provided through bitcoin sales. The Sponsor absorbed most operating expenses, reducing cash outflows for Trust operations during the period.
- Fee structure & expenses: The Sponsor waived fees during the period; the Sponsor’s Fee remained the only routine expense, minimizing Trust operating costs.
- Valuation & NAV process: NAV is calculated daily using the MarketVector Bitcoin Benchmark at 4:00 p.m. EST, with valuation procedures controlled by the Sponsor and Administrator.
Original SEC Filing: VanEck Bitcoin ETF [ HODL ] - 10-Q - Aug. 13, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.
