BITC
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
BITC seeks to combine the growth opportunity of Bitcoin with the stability of U.S. Treasuries through a proprietary, rules-based rotation strategy that takes into account market momentum. This disciplined approach positions investors to benefit during periods when Bitcoin is trending up while maintaining a focus on risk management in volatile periods. The Fund does not invest directly in bitcoin.
Contact UsWhy Invest in BITC?
Bitcoin is the world's largest and most valuable crypto asset. BITC offers a way for investors to gain directional exposure to Bitcoin when crypto markets are gathering momentum while seeking to manage downside risk when markets are in retreat.
Learn MoreBitcoin Exposure, Managed for Downside Risk
Bitcoin’s performance has historically shown low correlation with equities and bonds, which can make it a valuable tool for portfolio diversification. BITC's strategy seeks to provide exposure to Bitcoin's growth potential while managing downside risk.
Proprietary Research-Based Approach
Depending on market momentum, the fund invests entirely in either CME Bitcoin Futures or U.S. Treasuries. This proprietary rotational strategy aims to provide higher risk-adjusted returns than a traditional buy-and-hold strategy by participating in sustained rallies while prioritizing capital preservation in uncertain markets.
Professionally Managed Exposure From a Crypto Specialist
For more than seven years, Bitwise has helped leading investors understand and access crypto’s opportunities while managing its risks. Our team of over 90 professionals manages your investment using systems built for institutions, from custody and trading to regulation and compliance.
Fund Summary
About the BITC Fund
Fund Details
Data as of 01/16/2025
Ticker
BITC
Net Assets (AUM)
$17,638,609
SEC Yield†
2.61%
Fund Type
ETF
Net Expense Ratio*
0.85%
Legal Counsel
Chapman and Cutler, LLP
CUSIP
091748202
Gross Expense Ratio*
0.92%
Administrator
Bank of New York Mellon
ISIN
US0917482020
Inception Date**
March 20, 2023
Distributor
Foreside Fund Services, LLC
Exchange
NYSE Arca
Adviser
Bitwise Investment Manager, LLC
Custodian
Bank of New York Mellon
Shares Outstanding
400,004
Sub-Adviser
Vident Asset Management
* The Fund’s investment adviser has contractually agreed to waive its advisory fees and/or assume as its own expense certain expenses otherwise payable by the Fund to the extent necessary to ensure that total annual fund operating expenses do not exceed 0.85% of average daily net assets until May 1, 2027.
** The Fund adopted its current investment strategy on December 3, 2024.
† 30-Day SEC Yield – Reflects the dividends and interest earned during the previous month, after the deduction of the fund’s expenses. This is also referred to as the “standardized yield.” Data as of November 30, 2024.
Fund Holdings
Data as of 01/16/2025
Exposure Weight (%)
Holdings are subject to change. Current and future holdings are subject to risk.
Premium / Discount
Data as of 01/16/2025
Net Asset Value (NAV) and Market Price
Data as of 01/16/2025
To
30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
BITC Quarter-End Performance
Data as of 12/31/2024
Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-415-707-3663.
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses. Shares are subject to a 0.85% Expense Ratio that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.