- ISIN
- US0917482020
- Issuer
- Bitwise
- Inception Date
- Mar 20, 2023
- Region
- Global (Broad)
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $14M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $67.09K
Share Price Chart
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Performance
BITC Performance Chart
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is down 1.7% since the beginning of the year. BITC is currently trading at $36 per share.
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Returns By Period
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has returned -1.73% so far this year and -24.61% over the past 12 months.
Bitwise Bitcoin Strategy Optimum Roll ETF
- 1D
- -0.01%
- 1M
- -1.28%
- 6M
- -0.93%
- YTD
- -1.73%
- 1Y
- -24.61%
- 3Y*
- 30.36%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.46%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
BITC Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2023, BITC's average daily return is +0.13%, while the average monthly return is +2.84%. At this rate, an investment would double in approximately 2.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2024 with a return of +66.9%, while the worst month was Apr 2024 at -18.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BITC closed higher 52% of trading days. The best single day was Nov 6, 2024 with a return of +33.3%, while the worst single day was Aug 5, 2024 at -17.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.77% | 0.46% | 0.20% | 6.76% | 0.16% | -6.78% | -1.34% | 0.03% | -1.73% | ||||
| 2025 | -6.23% | 0.19% | -6.67% | 3.70% | 10.43% | -4.57% | 8.20% | -4.09% | -3.79% | -10.16% | 0.21% | -7.65% | -20.46% |
| 2024 | -0.97% | 45.65% | 7.44% | -18.64% | 21.90% | -11.68% | 2.07% | -16.64% | 5.52% | 3.14% | 66.86% | -5.66% | 97.86% |
| 2023 | 0.96% | 1.87% | -8.26% | 12.35% | -5.24% | -11.25% | 2.35% | 28.09% | 9.75% | 11.26% | 42.71% |
Benchmark Metrics
Bitwise Bitcoin Strategy Optimum Roll ETF has an annualized alpha of 17.39%, beta of 0.84, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since March 21, 2023.
- This ETF captured 108.39% of S&P 500 Index gains but only 85.44% of its losses - a favorable profile for investors.
- R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.39%
- Beta
- 0.84
- R²
- 0.07
- Upside Capture
- 108.39%
- Downside Capture
- 85.44%
Expense Ratio
BITC has an expense ratio of 0.88%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BITC ranks 2 for risk / return — above 2% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.31 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.45 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.18 | 10.40 | -11.58 |
Dividends
Dividend History
Bitwise Bitcoin Strategy Optimum Roll ETF provided a 3.42% dividend yield over the last twelve months, with an annual payout of $1.23 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.23 | $1.23 | $20.22 | $1.99 |
Dividend yield | 3.42% | 3.36% | 42.68% | 5.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise Bitcoin Strategy Optimum Roll ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $20.22 | $20.22 |
| 2023 | $1.99 | $1.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bitwise Bitcoin Strategy Optimum Roll ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bitwise Bitcoin Strategy Optimum Roll ETF was 38.51%, occurring on Sep 6, 2024. Recovery took 46 trading sessions.
The current Bitwise Bitcoin Strategy Optimum Roll ETF drawdown is 32.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.51%Sep 2024 | 5mo 26d | 2mo 6d | 8mo 2dMar 2024 - Nov 2024 | — |
-33.17%Jul 2026 | 1y 6mo | — | 1y 7moDec 2024 - now | — |
-23.08%Sep 2023 | 1mo 29d | 1mo 13d | 3mo 12dJul 2023 - Oct 2023 | — |
-17.33%Jun 2023 | 2mo 2d | 8d | 2mo 10dApr 2023 - Jun 2023 | — |
-17.27%Jan 2024 | 12d | 19d | 1mo 1dJan 2024 - Feb 2024 | — |
Drawdown Indicators
| BITC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.51% | -56.78% | +18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -27.89% | -9.10% | -18.79% |
Max Drawdown (3Y)Largest decline over 3 years | -38.51% | -18.90% | -19.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -32.46% | 0.00% | -32.46% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -10.70% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 2.14% | +18.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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