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 (a launch-period 0% fee waiver ran only 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 | $106,082 | — |
| $35.00 | $123,762 | — |
| $40.00 | $141,443 | — |
| $45.00 | $159,123 | — |
| $50.00● Current | $176,803 | — |
| $55.00 | $194,484 | — |
| $60.00 | $212,164 | — |
| $65.00 | $229,844 | — |
| $70.00 | $247,525 | — |
| $75.00 | $265,205 | — |
| $80.00 | $282,885 | — |
Current HODL ↔ BTC Parity
Live market data for reference.
FAQ
How many HODL shares equal one Bitcoin?
Each HODL share currently represents approximately 0.0002828 BTC (split-adjusted), meaning roughly 3,536 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; VanEck’s 0% fee waiver ran only through July 31, 2026.
What is HODL’s expense ratio?
HODL’s expense ratio is 0.20%. VanEck waived the sponsor fee to 0% through July 31, 2026 (capped at $2.5 billion in AUM); from August 1, 2026 the standard 0.20% fee applies — 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. Convert IBIT shares and options with the IBIT to BTC calculator, or browse all Bitcoin ETF calculators.