VanEck HODL Calculator
Convert VanEck Bitcoin ETF (HODL) share prices, option strikes, and premiums to their Bitcoin equivalents using live market data. HODL uses Gemini as its primary custodian and charges a 0.20% expense ratio, currently waived to 0% through July 31, 2026. Note: HODL underwent a 4-for-1 stock split on February 14, 2025, so current per-share ratios reflect the post-split value.
Based on HODL BTC-per-share ratio, updated daily from fund holdings data.
Options Break-Even Calculator
"What BTC price does this contract need?"
Enter the option premium from your brokerage to calculate break-even.
Common HODL Strikes → BTC Prices
Quick reference for standard strikes. Enter premium above for break-even calculation.
| HODL Strike | BTC for ITM | vs. Current BTC |
|---|---|---|
| $30.00 | $52,817 | — |
| $35.00 | $61,620 | — |
| $40.00 | $70,423 | — |
| $45.00 | $79,225 | — |
| $50.00● Current | $88,028 | — |
| $55.00 | $96,831 | — |
| $60.00 | $105,634 | — |
| $65.00 | $114,437 | — |
| $70.00 | $123,239 | — |
| $75.00 | $132,042 | — |
| $80.00 | $140,845 | — |
Current HODL ↔ BTC Parity
Live market data for reference.
FAQ
How many HODL shares equal one Bitcoin?
Each HODL share represents approximately 0.000283 BTC (split-adjusted as of early 2026), meaning roughly 3,534 shares of HODL equal one Bitcoin. This ratio decreases slowly over time as the fund’s 0.20% annual expense ratio is deducted from holdings, though the fee is currently waived to 0% through July 31, 2026.
What is HODL’s expense ratio?
HODL’s standard expense ratio is 0.20%, but VanEck has waived the sponsor fee to 0% through July 31, 2026, or until the fund reaches $2.5 billion in AUM. After the waiver expires, HODL’s 0.20% fee is competitive with peers like BITB (0.20%) and lower than IBIT (0.25%).
View HODL daily prices and charts, read the HODL ETF fact sheet, or browse all Bitcoin ETF calculators.