- CUSIP
- 37960A487
- Issuer
- Global X
- Inception Date
- Mar 20, 2024
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- CoinDesk Bitcoin Trend Indicator Futures Index
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2M
Share Price Chart
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Performance
BTRN Performance Chart
Global X Bitcoin Trend Strategy ETF (BTRN) is down 9.3% since the beginning of the year. BTRN is currently trading at $25 per share.
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Returns By Period
Global X Bitcoin Trend Strategy ETF (BTRN) has returned -9.29% so far this year and -15.44% over the past 12 months.
Global X Bitcoin Trend Strategy ETF
- 1D
- -0.10%
- 1M
- -13.45%
- YTD
- -9.29%
- 6M
- -9.98%
- 1Y
- -15.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTRN Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2024, BTRN's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 50% of months were positive and 50% were negative. The best month was Nov 2024 with a return of +36.8%, while the worst month was Apr 2024 at -19.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BTRN closed higher 53% of trading days. The best single day was Nov 11, 2024 with a return of +13.0%, while the worst single day was Aug 5, 2024 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.97% | 0.27% | -0.89% | 1.48% | -3.75% | -5.63% | -9.29% | ||||||
| 2025 | 7.69% | -7.68% | 0.27% | 4.78% | 9.93% | 0.65% | 6.98% | -8.46% | 1.59% | -7.05% | -1.27% | -0.60% | 4.89% |
| 2024 | 7.09% | -19.48% | 4.98% | -7.11% | -0.49% | -14.19% | 2.71% | 8.46% | 36.78% | -3.84% | 5.22% |
Benchmark Metrics
Global X Bitcoin Trend Strategy ETF has an annualized alpha of -24.68%, beta of 0.54, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since March 22, 2024.
- This ETF participated in 81.97% of S&P 500 Index downside but only -29.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.54 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 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
- -24.68%
- Beta
- 0.54
- R²
- 0.11
- Upside Capture
- -29.43%
- Downside Capture
- 81.97%
Expense Ratio
BTRN has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BTRN ranks 4 for risk / return — in the bottom 4% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and compare them to S&P 500 Index.
| BTRN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | — | — |
| Martin ratioReturn relative to average drawdown | -1.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Global X Bitcoin Trend Strategy ETF provided a 30.60% dividend yield over the last twelve months, with an annual payout of $7.70 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $7.70 | $7.70 | $0.87 |
Dividend yield | 30.60% | 27.76% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Bitcoin Trend 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $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 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.46 | $7.70 |
| 2024 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.87 |
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 Global X Bitcoin Trend 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 Global X Bitcoin Trend Strategy ETF was 36.97%, occurring on Aug 5, 2024. Recovery took 77 trading sessions.
The current Global X Bitcoin Trend Strategy ETF drawdown is 25.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -36.97%Aug 2024 | 4mo 6d | 3mo 18d | 7mo 24dApr 2024 - Nov 2024 |
2026 bear market2026 | -25.29%Jun 2026 | 10mo 25d | — | 10mo 26dJul 2025 - now |
2024 correction2024 | -12.95%Dec 2024 | 5d | 4mo 17d | 4mo 22dDec 2024 - May 2025 |
2025 selloff2025 | -8.30%Jun 2025 | 1mo 1d | 18d | 1mo 19dMay 2025 - Jul 2025 |
2024 pullback2024 | -8.11%Nov 2024 | 1d | 10d | 11dNov 2024 - Dec 2024 |
Drawdown Indicators
| BTRN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -9.10% | -27.87% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | — | — |
Current DrawdownCurrent decline from peak | -25.29% | -2.97% | -22.32% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -1.13% | -13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.85% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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