Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP)
BTOP is an actively managed ETF by Bitwise. BTOP launched on Sep 29, 2023 and has a 0.90% expense ratio.
ETF Info
Sep 29, 2023
Global (Broad)
1x
No Index (Active)
Expense Ratio
BTOP has an expense ratio of 0.90%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) returned -5.05% year-to-date (YTD) and -36.86% over the past 12 months.
BTOP
-5.05%
26.09%
-44.63%
-36.86%
N/A
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of BTOP, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -10.78% | -9.04% | -9.47% | 2.51% | 26.09% | -5.05% | |||||||
| 2024 | -0.97% | 45.65% | 7.44% | -18.64% | 21.90% | -11.68% | 2.07% | -16.64% | 5.52% | 3.14% | 39.93% | -41.69% | 2.56% |
| 2023 | 16.06% | 9.75% | 11.26% | 41.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTOP is 4, meaning it’s performing worse than 96% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Bitwise Bitcoin And Ether Equal Weight Strategy ETF provided a 62.60% dividend yield over the last twelve months, with an annual payout of $20.82 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $20.82 | $20.82 | $1.99 |
Dividend yield | 62.60% | 59.44% | 5.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise Bitcoin And Ether Equal Weight Strategy 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $20.82 | $20.82 |
| 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 And Ether Equal Weight Strategy 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 And Ether Equal Weight Strategy ETF was 64.20%, occurring on Apr 17, 2025. The portfolio has not yet recovered.
The current Bitwise Bitcoin And Ether Equal Weight Strategy ETF drawdown is 49.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -64.2% | Dec 17, 2024 | 83 | Apr 17, 2025 | — | — | — |
| -38.51% | Mar 14, 2024 | 122 | Sep 6, 2024 | 54 | Nov 21, 2024 | 176 |
| -15.62% | Jan 12, 2024 | 7 | Jan 23, 2024 | 14 | Feb 12, 2024 | 21 |
| -8.1% | Dec 11, 2023 | 1 | Dec 11, 2023 | 18 | Jan 8, 2024 | 19 |
| -7.85% | Dec 9, 2024 | 2 | Dec 10, 2024 | 4 | Dec 16, 2024 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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