VanEck Bitcoin ETF (HODL) Covered Calls

The VanEck Bitcoin Trust is a spot-based exchange-traded fund that provides investors with direct, cost-efficient exposure to Bitcoin. Managed by VanEck, a pioneer in thematic investing, the fund is 100% physically backed and utilizes institutional-grade cold storage. HODL is distinguished by its competitive fee waiver program through mid-2026 and its dual-custody model, offering a transparent and regulated vehicle for incorporating digital assets into traditional portfolios.

You can sell covered calls on VanEck Bitcoin ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for HODL (prices last updated Fri 4:16 PM ET):

VanEck Bitcoin ETF (HODL) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
19.82 +1.81 19.79 19.83 3.1M - 0.0
Covered Calls For VanEck Bitcoin ETF (HODL)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 20 0.50 19.33 2.6% 63.3%
Mar 20 20 0.15 19.68 0.8% 6.8%
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Extended Business Description

VanEck Bitcoin Trust is a spot-based exchange-traded product designed to track the MarketVector™ Bitcoin Benchmark Rate. Issued by VanEck, a global asset manager with over 65 years of experience, the fund seeks to bridge the gap between traditional finance and the digital asset economy. HODL is characterized by its "community-first" approach and institutional-grade security, providing a liquid and regulated way to gain exposure to Bitcoin without the complexities of direct ownership.

Core Business and Products

  1. Physically-Backed Custody: The fund holds actual Bitcoin, which is secured primarily by Gemini Trust Company, LLC and Coinbase Custody Trust. This dual-custody model enhances security and reduces single-point-of-failure risk. Assets are kept in geographically distributed "cold storage" vaults that are disconnected from the internet.
  2. Aggressive Fee Structure: To remain a leader in cost-efficiency, VanEck has extended its sponsor fee waiver through July 31, 2026. For the first $2.5 billion in assets, the sponsor fee is 0.00%, after which a competitive 0.20% rate applies, making it one of the most cost-effective vehicles in the sector.
  3. Specialized Management: The fund is supported by VanEck’s dedicated digital assets research team, which provides deep "on-chain" analysis and market insights, ensuring the trust operates with a high level of technical and regulatory sophistication.

Competitive Landscape

HODL operates in a highly saturated market where expense ratios and brand credibility are the primary differentiators. It competes directly with the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund. On the basis of cost, its main rivals are the Bitwise Bitcoin ETF and the Franklin Bitcoin ETF. Other peers include the ARK 21Shares Bitcoin ETF and the Grayscale Bitcoin Mini Trust. For investors seeking equity-based exposure, it is also compared to Strategy Inc (MicroStrategy).

Strategic Outlook and Innovation

In 2026, VanEck is positioning HODL as a "strategic reserve" asset for both retail and institutional model portfolios. A key priority is the integration of the fund into high-net-worth wealth management platforms that value VanEck’s long-standing reputation in gold and alternative assets. Innovation efforts are focused on improving the creation/redemption process, including the transition to "in-kind" transfers to enhance tax efficiency for authorized participants. Furthermore, the firm is exploring the launch of Bitcoin-linked yield products that could potentially complement HODL in a broader digital asset suite. As the "CLARITY Act" and other 2026 regulatory frameworks provide more certainty to the crypto market, VanEck aims to maintain HODL’s status as a top-tier vehicle by combining zero-fee incentives with a robust, multi-custodian infrastructure.