The HODL Balance metric aims to monitor and delineate the estimated Bitcoin balances held within the VanEck Bitcoin ETF (HODL). This balance estimate is derived from a combination of on-chain analysis and Glassnode's clustering heuristics.

Disclaimer: The presented balance is an estimate based on on-chain data and clustering methods, and as such may not precisely match the actual HODL balance. For the most accurate and current balance information, and for a comprehensive understanding of HODL's historical evolution, it is advised to explore the official VanEck HODL ETF website (https://www.vaneck.com/us/en/investments/bitcoin-trust-hodl/overview/).

This is the Point-in-Time (PiT) variant of Estimated VanEck Bitcoin ETF Balance (HODL). PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.