VanEck Bitcoin Trust Files 8-K
Ticker: HODL · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1838028
| Field | Detail |
|---|---|
| Company | Vaneck Bitcoin Trust (HODL) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, material-agreement, trust
TL;DR
VanEck Bitcoin Trust filed an 8-K on 6/20, likely a material agreement.
AI Summary
On June 20, 2024, VanEck Bitcoin Trust entered into a material definitive agreement. The filing, submitted on June 26, 2024, pertains to the trust's operations and financial reporting.
Why It Matters
This filing indicates a significant event or agreement for the VanEck Bitcoin Trust, potentially impacting its structure or operations.
Risk Assessment
Risk Level: low — This is a routine filing for a trust, not indicating immediate financial distress or significant operational changes.
Key Numbers
- 001-41908 — SEC File Number (Identifies the specific filing for VanEck Bitcoin Trust)
- 85-6811021 — IRS Employer Identification No. (Tax identification for the trust)
Key Players & Entities
- VanEck Bitcoin Trust (company) — Registrant
- June 20, 2024 (date) — Date of Earliest Event Reported
- June 26, 2024 (date) — Date of Report
- 666 Third Avenue, 9th Floor New York, New York 10017 (address) — Principal executive offices
FAQ
What type of material definitive agreement was entered into by VanEck Bitcoin Trust on June 20, 2024?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on June 20, 2024.
What is the primary business of VanEck Bitcoin Trust?
VanEck Bitcoin Trust is involved in crypto assets, as indicated by its SIC code [6221] and IRS number associated with '09 Crypto Assets'.
Where are the principal executive offices of VanEck Bitcoin Trust located?
The principal executive offices are located at 666 Third Avenue, 9th Floor, New York, New York 10017.
When was the 8-K report filed with the SEC?
The 8-K report was filed on June 26, 2024.
What is the fiscal year end for VanEck Bitcoin Trust?
The fiscal year end for VanEck Bitcoin Trust is December 31.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-06-26 16:34:23
Filing Documents
- hodl-20240620.htm (8-K) — 29KB
- exhibit101-8xk.htm (EX-10.1) — 1074KB
- 0001628280-24-030157.txt ( ) — 1322KB
- hodl-20240620.xsd (EX-101.SCH) — 2KB
- hodl-20240620_lab.xml (EX-101.LAB) — 23KB
- hodl-20240620_pre.xml (EX-101.PRE) — 13KB
- hodl-20240620_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 20, 2024, VanEck Digital Assets, LLC (the "Sponsor"), as agent for VanEck Bitcoin Trust (the "Trust") and Vaneck Ethereum Trust, Coinbase, Inc., on behalf of itself and as agent for Coinbase Credit, Inc. and Coinbase Custody Trust Company, LLC (the "Additional Bitcoin Custodian"), and the Additional Bitcoin Custodian entered into the Coinbase Prime Broker Agreement (the "Additional Bitcoin Custodian Agreement") providing for the custody of the Trust's bitcoin. The Additional Bitcoin Custodian makes available to the Trust a custodial account for bitcoin maintained by the Additional Bitcoin Custodian (the "Additional Bitcoin Account"). The Additional Bitcoin Custodian's services in respect of the Additional Bitcoin Account (i) allow its Additional Bitcoin Vault Balance to be held in the Additional Bitcoin Account (ii) allow bitcoin to be deposited from a public blockchain address to the Trust's Additional Bitcoin Account (iii) allow bitcoin to be withdrawn from the Additional Bitcoin Account to a public blockchain address as instructed by the Trust and (iv) certain additional services as may be agreed to between the Trust and the Additional Bitcoin Custodian from time to time. The foregoing description of the Additional Bitcoin Custodian Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Additional Bitcoin Custodian Agreement, which is filed as Exhibit 10.1 and is incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Additional Bitcoin Custodian Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 26, 2024 VanEck Bitcoin Trust * By: VanEck Digital Assets, LLC, as Sponsor of the Trust By: /s/ Jonathan R. Simon Name: Jonathan R. Simon Title: Senior Vice President, General Counsel and Secretary * The registrant is a trust. The individual specified above is signing in his capacity as an officer of VanEck Digital Assets, LLC, the Sponsor of the registrant.