Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

78% of retail investor accounts lose money when trading CFDs with this provider.

VanEck Bitcoin Trust

The VanEck Bitcoin Trust is an ETF that holds Bitcoin exclusively and issues common shares that are traded on the CBOE. There are 1,650,000 common shares outstanding. The trust determines the real market value of its stock based on the movement of Bitcoin's price as measured using Bitcoin quotes from several spot Bitcoin exchanges.

The trust's shares are not redeemable for the underlying Bitcoin, which means the trust's price may deviate from the price of Bitcoin. The fund uses cold storage technology to keep bitcoins in secure offline environments to safeguard them from potential online threats of hacking and theft.

The trust's management fee is 0.25% of the average annual cost of assets.

Opportunities for traders

The VanEck Bitcoin Trust ETF began trading on the СBOE on 11 January 2024. Its intraday volatility is 5.6%, while its intraday trade volume is approximately $17 million.

How to buy and sell CFDs on the VanEck Bitcoin Trust ETF

You can buy and sell CFDs on the VanEck Bitcoin Trust ETF on specialised exchanges. Alternatively, you can trade CFDs on the VanEck Bitcoin Trust ETF through a broker or trading platform, such as MetaTrader or Libertex, where you can use a multiplier and also trade if the value of the asset declines.

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