HODL Fund Sees Nearly 2% Outflow Despite Strong Bitcoin Performance

The VanEck Bitcoin Trust Shs of Benef Interest's HODL fund experienced a significant outflow on September 4, 2026, with $19.58 million exiting the fund in one day.

This withdrawal trimmed its assets under management to $1.22 billion and accounted for approximately 1.61% of its total AUM.

The move is notable given the strong performance of Bitcoin itself, which has seen a 26.9% increase over the past three months and currently trades near $79,374.

Analysts suggest that the outflow may be due to profit-taking and rotation rather than a loss of confidence in Bitcoin, as active traders often favor direct exposure or leveraged instruments in volatile markets.