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CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
GB00BLD4ZL17
Inception Date
Jan 19, 2021
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United Kingdom
Distribution Policy
Accumulating
Asset Class
Cryptocurrency
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of €10,000 in CoinShares Physical Bitcoin (BTC) EUR ETP, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Different Benchmark Currency

BITC.DE is traded in EUR, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to EUR using the latest available exchange rates.

Returns By Period

CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) has returned -22.13% so far this year and -25.19% over the past 12 months.


CoinShares Physical Bitcoin (BTC) EUR ETP

1D
-1.73%
1M
4.17%
YTD
-22.13%
6M
-39.81%
1Y
-25.19%
3Y*
29.83%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.02%
1M
-2.96%
YTD
-3.12%
6M
-0.95%
1Y
8.84%
3Y*
14.21%
5Y*
10.59%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 7, 2021, BITC.DE's average daily return is +0.11%, while the average monthly return is +2.47%. At this rate, your investment would double in approximately 2.4 years.

Historically, 53% of months were positive and 47% were negative. The best month was Feb 2024 with a return of +44.2%, while the worst month was Jun 2022 at -38.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BITC.DE closed higher 51% of trading days. The best single day was Jul 26, 2021 with a return of +18.4%, while the worst single day was Jun 13, 2022 at -20.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-6.25%-20.27%4.17%-22.13%
202512.72%-20.10%-4.02%7.14%12.05%-2.00%13.18%-10.14%3.89%-1.26%-17.23%-5.42%-16.94%
20242.90%44.15%13.77%-13.50%9.22%-7.05%6.25%-14.15%8.42%13.58%43.73%-4.04%129.58%
202338.15%3.51%18.35%0.59%-4.18%8.71%-3.47%-6.01%1.41%27.98%6.30%12.36%149.42%
2022-19.34%7.88%14.13%-11.54%-20.56%-37.97%28.45%-15.01%1.69%1.33%-20.80%-5.73%-63.64%
2021-2.50%13.87%21.88%-7.02%44.09%-5.50%-17.65%41.07%

Benchmark Metrics

CoinShares Physical Bitcoin (BTC) EUR ETP has an annualized alpha of 15.90%, beta of 0.77, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 08, 2021.

  • This ETF captured 252.50% of S&P 500 Index gains and 207.34% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • R² of 0.06 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
15.90%
Beta
0.77
0.06
Upside Capture
252.50%
Downside Capture
207.34%

Expense Ratio

BITC.DE has an expense ratio of 0.25%, which is considered low.


Return for Risk

Risk / Return Rank

BITC.DE ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


BITC.DE Risk / Return Rank: 33
Overall Rank
BITC.DE Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BITC.DE Sortino Ratio Rank: 33
Sortino Ratio Rank
BITC.DE Omega Ratio Rank: 33
Omega Ratio Rank
BITC.DE Calmar Ratio Rank: 44
Calmar Ratio Rank
BITC.DE Martin Ratio Rank: 33
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) and compare them to a chosen benchmark (S&P 500 Index).


BITC.DEBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.61

0.43

-1.04

Sortino ratio

Return per unit of downside risk

-0.69

0.73

-1.42

Omega ratio

Gain probability vs. loss probability

0.92

1.11

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.53

0.67

-1.20

Martin ratio

Return relative to average drawdown

-1.15

2.80

-3.95

Explore BITC.DE risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


CoinShares Physical Bitcoin (BTC) EUR ETP doesn't pay dividends

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 CoinShares Physical Bitcoin (BTC) EUR ETP. 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 CoinShares Physical Bitcoin (BTC) EUR ETP was 74.39%, occurring on Dec 30, 2022. Recovery took 300 trading sessions.

The current CoinShares Physical Bitcoin (BTC) EUR ETP drawdown is 45.69%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-74.39%Nov 11, 2021292Dec 30, 2022300Mar 4, 2024592
-49.43%Oct 7, 202596Feb 24, 2026
-31.59%Dec 17, 202477Apr 9, 202565Jul 14, 2025142
-26.19%Mar 14, 2024124Sep 6, 202437Oct 29, 2024161
-24.25%Jun 15, 202126Jul 20, 20216Jul 28, 202132

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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