Quarterly ResultMay 14, 2026, 03:28 PM
VanEck Bitcoin ETF NAV per Share Decreases 22.12% to $19.26
AI Summary
VanEck Bitcoin ETF reported a significant decline in its Net Asset Value (NAV) and net assets for the quarter ended March 31, 2026. The NAV per Share decreased by 22.12% to $19.26, primarily driven by a 22.10% decrease in the price of bitcoin. The Trust recorded a net decrease in net assets from operations of $(309,912,457), largely due to net unrealized depreciation on its bitcoin investment. The Sponsor continued to waive all fees during this period.
Key Highlights
- Net Asset Value per Share decreased by 22.12% to $19.26 as of March 31, 2026, from $24.73 at December 31, 2025.
- Net assets decreased by 16.20% to $1,158,283,647 as of March 31, 2026, from $1,382,273,990 at December 31, 2025.
- The fair value of investment in bitcoin decreased to $1,158,283,647 from $1,382,273,990.
- Net decrease in net assets resulting from operations was $(309,912,457) for the three months ended March 31, 2026.
- Net unrealized depreciation from investment in bitcoin was $(307,116,056) for the quarter.
- Net realized loss on bitcoin sold for redemption of shares was $(2,796,401) for the quarter.
- The Sponsor fee of $619,774 was fully waived for the three months ended March 31, 2026.
- Shares issued and outstanding increased to 60,125,000 from 55,900,000.