The VanEck Bitcoin Trust is a spot bitcoin exchange-traded fund from the investment manager VanEck. Initially approved in January 2024, HODL is listed on the Chicago Board Options Exchange . Users can purchase shares of the fund through a traditional brokerage account. A spot bitcoin ETF holds bitcoin and tracks its price on cryptocurrency exchanges in real-time.
While Valkyrie and Hashdex use BitGo, the crypto custody and financial services firm, VanEck's HODL uses the popular crypto firm founded by the Winklevoss twins. Commonly known as Gemini, the firm is a cryptocurrency exchange and custodian founded in 2014 by Cameron and Tyler Winklevoss. Gemini is regulated by the New York State Department of Financial Services and is a trust company.
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