Key Takeaways
- • VanEck Bitcoin ETF (ASX:VBTC) holds 99.97% of its assets in the US-listed VanEck Bitcoin ETF (HODL), giving indirect bitcoin exposure through a single underlying fund, according to Kalkine.
- • The fund carries a 0.45% annual management fee and reports a fund size of $327.81 million, with 13,602,000 units on issue.
- • The fund reports a standard deviation of 46.31, which Kalkine describes as very wide price variation, and pays no distributions.
- • The issuer lodged a notice titled "Changes to management fee and indirect costs" on 31 July 2026.
- • VBTC last traded at $24.14 on 13 October 2026, with a day range of $23.48 to $24.20.
Summary
VanEck Bitcoin ETF (ASX:VBTC) employs a passive strategy of investing in shares of HODL, a US-listed fund that itself holds bitcoin. Kalkine reports that the fund was admitted to the ASX on 20 June 2024 and uses the MarketVector Bitcoin Benchmark Rate in US dollars as its benchmark. As of 13 October 2026, it reported a fund size of $327.81 million and a management fee of 0.45% a year. Asset allocation records 99.97% in the HODL position and 0.03% in cash, with no stocks or bonds, so the fund carries no sector, country or market-capitalisation weightings.
Morningstar classifies the fund in its Miscellaneous category, which covers funds that do not meet the criteria for any other Morningstar category. Kalkine notes that category comparisons are therefore of limited use. The fund reports a standard deviation of 46.31, which Kalkine says indicates very wide price variation, and its beta is not considered meaningful for a single-asset product.
Because the fund pays no distributions, returns depend entirely on movements in the underlying asset net of the management fee. Liquidity indicators show average daily trading volume of 52,138 units. Between 7 and 13 October 2026, daily volume ranged from 20,700 to 96,400 units. The issuer lodged its Issued Units Outstanding notice on 7 October and its Annual Report for the year ended 30 June 2026 on 28 September. A notice on changes to the management fee and indirect costs was lodged on 31 July 2026. Kalkine states that these facts describe the fund's structure and do not forecast outcomes.
Morningstar classifies the fund in its Miscellaneous category, which covers funds that do not meet the criteria for any other Morningstar category. Kalkine notes that category comparisons are therefore of limited use. The fund reports a standard deviation of 46.31, which Kalkine says indicates very wide price variation, and its beta is not considered meaningful for a single-asset product.
Because the fund pays no distributions, returns depend entirely on movements in the underlying asset net of the management fee. Liquidity indicators show average daily trading volume of 52,138 units. Between 7 and 13 October 2026, daily volume ranged from 20,700 to 96,400 units. The issuer lodged its Issued Units Outstanding notice on 7 October and its Annual Report for the year ended 30 June 2026 on 28 September. A notice on changes to the management fee and indirect costs was lodged on 31 July 2026. Kalkine states that these facts describe the fund's structure and do not forecast outcomes.
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