Bitwise Bitcoin Strategy Optimum Roll ETF (BITC)
BITC is an actively managed ETF by Bitwise. BITC launched on Mar 20, 2023 and has a 0.88% expense ratio.
ETF Info
| ISIN | US0917482020 |
|---|---|
| Issuer | Bitwise |
| Inception Date | Mar 20, 2023 |
| Region | Global (Broad) |
| Category | Blockchain |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Cryptocurrency |
Expense Ratio
BITC features an expense ratio of 0.88%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bitwise Bitcoin Strategy Optimum Roll ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Bitwise Bitcoin Strategy Optimum Roll ETF had a return of 18.72% year-to-date (YTD) and 87.44% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 18.72% | 13.39% |
| 1 month | -2.82% | 4.02% |
| 6 months | -26.92% | 5.56% |
| 1 year | 87.44% | 21.51% |
| 5 years (annualized) | N/A | 12.69% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns
The table below presents the monthly returns of BITC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.19% | 46.10% | 12.06% | -17.66% | 14.11% | -12.03% | 7.53% | -10.43% | 18.72% | ||||
| 2023 | 0.66% | 1.87% | -8.26% | 12.35% | -5.24% | -11.25% | 2.35% | 27.80% | 8.35% | 9.80% | 38.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITC is 72, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bitwise Bitcoin Strategy Optimum Roll ETF granted a 4.76% dividend yield in the last twelve months. The annual payout for that period amounted to $1.88 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.88 | $1.88 |
Dividend yield | 4.76% | 5.65% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $1.88 | $1.88 |
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.
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 31.26%, occurring on Sep 6, 2024. The portfolio has not yet recovered.
The current Bitwise Bitcoin Strategy Optimum Roll ETF drawdown is 31.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.26% | Mar 14, 2024 | 122 | Sep 6, 2024 | — | — | — |
| -23.08% | Jul 14, 2023 | 41 | Sep 11, 2023 | 31 | Oct 24, 2023 | 72 |
| -17.34% | Apr 14, 2023 | 44 | Jun 15, 2023 | 5 | Jun 23, 2023 | 49 |
| -17.25% | Jan 9, 2024 | 10 | Jan 23, 2024 | 13 | Feb 9, 2024 | 23 |
| -9.42% | Dec 22, 2023 | 5 | Dec 29, 2023 | 5 | Jan 8, 2024 | 10 |
Volatility
Volatility Chart
The current Bitwise Bitcoin Strategy Optimum Roll ETF volatility is 16.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.