Complete Filing Data
VanEck Bitcoin ETF reported Net Asset Value Per Share of 25 shares for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean VanEck Bitcoin ETF did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 |
|---|---|---|
| Operating Expenses | $3.3M | $1.3M |
| Crypto Asset Unrealized Gain Loss Operating And Nonoperating | -$278.8M | $384.6M |
| Crypto Asset Realized Gain Loss Operating And Nonoperating | $84.8M | $34.4M |
| Crypto Asset Realized And Unrealized Gain Operating And Nonoperating | ||
| Income Loss From Continuing Operations | ||
| Net Income Loss | -$194.0M | $419.0M |
| Crypto Asset Realized And Unrealized Gain Loss Operating And Nonoperating | -$194.0M | $419.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|
| Operating Expenses | $978.7K | $728.2K | $658.3K | $336.6K | $312.5K | $122.7K |
| Crypto Asset Unrealized Gain Loss Operating And Nonoperating | $84.1M | $335.9M | $11.4M | -$89.9M | ||
| Crypto Asset Realized Gain Loss Operating And Nonoperating | $19.7M | $12.4M | $4.5M | $3.1M | ||
| Crypto Asset Realized And Unrealized Gain Operating And Nonoperating | $103.8M | $348.3M | $15.9M | -$86.8M | ||
| Income Loss From Continuing Operations | $15.9M | -$86.8M | $109.3M | |||
| Net Income Loss | ||||||
| Crypto Asset Realized And Unrealized Gain Loss Operating And Nonoperating |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Assets Net | $1.38B | $1.28B | $100.0K |
| Assets | $1.39B | $1.28B | $100.0K |
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | |
| Common Stock No Par Value | $0.00 | $0.00 | $0.00 |
| Net Assetsof Percentage | |||
| Investments | |||
| Unrealized Gain Loss On Investments | $384.6M | ||
| Gain Loss On Investments | $34.4M | ||
| Net Increasedecrease In Net Assets | $100.0K | ||
| Liabilities | $6.8M | $0.00 | |
| Cash And Cash Equivalents At Carrying Value | $100.0K | ||
| Receivable Investment Sale | $6.8M | $0.00 | |
| Payable Common Stock Redeemed | $6.8M | $0.00 | |
| Non Investment Assets Less Non Investment Liabilities Percent Of Net Assets | $0.00 | $0.00 | |
| Non Investment Assets Less Non Investment Liabilities | $0.00 | $0.00 | |
| Net Assets Percentage Of Net Assets Value | 100.0% | 100.0% | |
| Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss | $1.38B | $1.28B | |
| Shares Subject To Mandatory Redemption Settlement Terms Excess Of Liabilities Over Assets | |||
| Payable Investment Purchase | |||
| Net Change In Unrealized Appreciation Depreciation Investments | |||
| Liabilities In Excess Of Assets | |||
| Employee Related Liabilities Current | |||
| Accounts Receivable Net Current |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|
| Assets Net | $2.04B | $1.68B | $1.18B | $759.4M | $614.7M | $619.1M | |
| Assets | $2.04B | $1.68B | $1.18B | $759.4M | $614.7M | $639.1M | |
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | |
| Common Stock No Par Value | $0.00 | $0.00 | $0.00 | ||||
| Net Assetsof Percentage | 100.0% | 100.0% | 100.0% | 100.0% | |||
| Investments | $2.04B | $1.68B | $1.18B | $1.28B | $759.4M | $614.7M | $619.1M |
| Unrealized Gain Loss On Investments | -$176.1M | $11.4M | -$89.9M | $103.4M | |||
| Gain Loss On Investments | $21.1M | $4.5M | $3.1M | $6.0M | |||
| Net Increasedecrease In Net Assets | -$144.6M | $4.3M | |||||
| Liabilities | $20.0M | ||||||
| Cash And Cash Equivalents At Carrying Value | |||||||
| Receivable Investment Sale | |||||||
| Payable Common Stock Redeemed | |||||||
| Non Investment Assets Less Non Investment Liabilities Percent Of Net Assets | |||||||
| Non Investment Assets Less Non Investment Liabilities | |||||||
| Net Assets Percentage Of Net Assets Value | |||||||
| Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss | |||||||
| Shares Subject To Mandatory Redemption Settlement Terms Excess Of Liabilities Over Assets | 17.1K | ||||||
| Payable Investment Purchase | $4.0M | ||||||
| Net Change In Unrealized Appreciation Depreciation Investments | -$103.4M | ||||||
| Liabilities In Excess Of Assets | $0.00 | ||||||
| Employee Related Liabilities Current | $17.1K | ||||||
| Accounts Receivable Net Current | $20.0M |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Proceeds From Contributed Capital | -$1.15B | -$100.0K | |
| Proceeds From Capital Withdrawals | $283.8M | ||
| Increase Decrease In Operating Capital | $101.8M | $1.28B | -$100.0K |
| Increase Decrease In Operating Assets | $419.0M | ||
| Increase Decrease In Other Operating Capital Net | |||
| Increase Decrease In Assets Net |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|
| Proceeds From Contributed Capital | -$319.6M | -$198.9M | -$141.3M | -$224.7M | -$133.3M | -$530.1M |
| Proceeds From Capital Withdrawals | $63.4M | $52.2M | $82.5M | $96.0M | $50.8M | $20.4M |
| Increase Decrease In Operating Capital | -$360.0M | -$495.1M | $96.2M | -$144.6M | $4.3M | -$619.0M |
| Increase Decrease In Operating Assets | $103.8M | $348.3M | -$155.0M | $15.9M | -$86.8M | $109.3M |
| Increase Decrease In Other Operating Capital Net | $103.4M | |||||
| Increase Decrease In Assets Net | $619.0M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Net Asset Value Per Share | $24.73 | $26.40 | $12.50 |
| Common Stock Shares Outstanding | |||
| Common Stock Shares Issued | 8.0K | ||
| Shares Outstanding | 55.9M | 48.5M | 8.0K |
| Shares Issued | 55.9M | 48.5M | |
| Common Stock Par Or Stated Value Per Share | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|
| Net Asset Value Per Share | $32.31 | $30.33 | $23.46 | $17.91 | $17.52 | $20.10 | ||
| Common Stock Shares Outstanding | 63.1M | 55.4M | 50.5M | 48.5M | 42.4M | 35.1M | 30.8M | 8.0K |
| Common Stock Shares Issued | 63.1M | 55.4M | 50.5M | 48.5M | 10.6M | 8.8M | 7.7M | |
| Shares Outstanding | ||||||||
| Shares Issued | ||||||||
| Common Stock Par Or Stated Value Per Share |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Total Capital Share Transactions | -$861.4M | -$100.0K | |
| Sponsor Fees | $3.3M | $1.3M | |
| Bitcoin Sold For Redemption Of Shares | -34.4M | ||
| Investment Company Expense Offset Arrangement | $3.3M | $1.3M | |
| Net Investment Income | $0.00 | -$63.6K | |
| Investment Owned At Fair Value | |||
| Investment Owned At Cost | |||
| Realized Investment Gains Losses | $34.4M | ||
| Net Realized Gainloss And Unrealized Appreciationdepreciation | $419.0M | ||
| Net Change In Unrealized Appreciation On Investment In Bitcoin | $384.6M | ||
| Bitcoin Distributed For Sponsor Fee Related Party | -$11.0K | ||
| Investment Company Expense After Reduction Of Fee Waiver And Reimbursement | $0.00 | $63.6K | |
| Crypto Asset Number Of Units Held | $15.8K | $13.7K | $0.00 |
| Crypto Asset Number Of Units Decimal | |||
| Crypto Asset Fair Value | $1.38B | $1.28B | $0.00 |
| Net Expenses After Sponsor Fee Waiver | $63.6K | ||
| Stock Repurchased And Retired During Period Value | $480.5M | $283.8M | |
| Stock Issued During Period Value New Issues | $776.3M | $1.15B | |
| Quantity Of Bitcoinin Bitcoin | $13.7K | ||
| Net Realized Gain On Bitcoin Sold For Redemption Of Shares | 84.8M | 34.4M | |
| Net Realized Gain On Bitcoin Distributed For Sponsor Fee Related Party | $0.00 | $11.0K | |
| Investment Company Increase Decrease From Share Transaction | $295.8M | $861.4M | |
| Crypto Asset Cost | $1.28B | $895.8M | |
| Sponsor Fee Waiver Related Party | |||
| Sponsor Fee Waiver | -$1.3M | ||
| Contribution Received In Advance |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|
| Total Capital Share Transactions | -$256.2M | -$146.8M | -$58.8M | -$128.7M | -$82.5M | -$509.6M | |
| Sponsor Fees | $978.7K | $728.2K | $658.3K | $336.6K | $312.5K | $122.7K | |
| Bitcoin Sold For Redemption Of Shares | -19.7M | -12.4M | -21.1M | -4.5M | -3.1M | -5.9M | |
| Investment Company Expense Offset Arrangement | -$978.7K | -$728.2K | -$336.6K | -$312.5K | |||
| Net Investment Income | -$63.6K | ||||||
| Investment Owned At Fair Value | $2.04B | $1.68B | $1.18B | $1.28B | $759.4M | $614.7M | $619.1M |
| Investment Owned At Cost | $1.41B | $1.13B | $975.8M | $895.8M | $734.4M | $601.2M | $515.7M |
| Realized Investment Gains Losses | $21.1M | $4.5M | $3.1M | $6.0M | |||
| Net Realized Gainloss And Unrealized Appreciationdepreciation | -$155.0M | $15.9M | -$86.8M | $109.4M | |||
| Net Change In Unrealized Appreciation On Investment In Bitcoin | -$176.1M | $11.4M | -$89.9M | $103.4M | |||
| Bitcoin Distributed For Sponsor Fee Related Party | -$11.0K | ||||||
| Investment Company Expense After Reduction Of Fee Waiver And Reimbursement | |||||||
| Crypto Asset Number Of Units Held | |||||||
| Crypto Asset Number Of Units Decimal | $17.9K | $15.7K | $14.3K | $13.7K | |||
| Crypto Asset Fair Value | |||||||
| Net Expenses After Sponsor Fee Waiver | $63.6K | ||||||
| Stock Repurchased And Retired During Period Value | |||||||
| Stock Issued During Period Value New Issues | |||||||
| Quantity Of Bitcoinin Bitcoin | $12.0K | $9.9K | $8.7K | ||||
| Net Realized Gain On Bitcoin Sold For Redemption Of Shares | |||||||
| Net Realized Gain On Bitcoin Distributed For Sponsor Fee Related Party | |||||||
| Investment Company Increase Decrease From Share Transaction | |||||||
| Crypto Asset Cost | |||||||
| Sponsor Fee Waiver Related Party | -$312.5K | -$59.1K | |||||
| Sponsor Fee Waiver | -$658.3K | -$59.1K | |||||
| Contribution Received In Advance | $16.0M |
Most recent annual filing with the SEC: March 12, 2026
Data sourced from SEC EDGAR public filings as of August 6, 2026.