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Launched

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

BITCNYSE ArcaD

$37.54−0.06 (−0.16%)

As of Oct 13, 2026, 1:50 PM

D29/ 100

Rank 40 of 46 in Tactical Allocation

D29/100Rank 40 of 46inTactical Allocation
Intraday session: down, 10 prints from 37.60 to 37.54. Range 37.54 to 37.60. Use the arrow keys to read each point.37.5537.5637.5737.5837.5910 AM12 PM2 PM4 PM
Expense ratio
1.12%
Fund size
$14M
1Y total return
−10.5%
Yield · Last 12 months
3.26%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$37.60
52W range
low $35.09high $43.29
Launched

The ETF.net BITC Grade

Based on 4 of 6 pillars

D

Score 29 out of 100

Category
Tactical Allocation⁠
Rank
40 of 46
Six-pillar profile for BITC. Scores out of 100: Cost 27, Risk 14, Mission not scored, Tradability 42, Holdings not scored, Durability 52. Strongest: Durability (52). Weakest: Risk (14). Based on 4 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 34 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F14 out of 100
    Rank 43 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 30 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 29 of 46

Our read on BITC

ETF.net Research

DA trend rule that flips between bitcoin futures and U.S. Treasuries: risk-on when momentum says so, government paper when it doesn't. An unusual build in tactical multi-asset land, where the risk sleeve is almost always stocks.

Stated mandate

The Fund seeks capital appreciation through a rules-based rotation between bitcoin futures and U.S. Treasuries based on market momentum.

Why people hold it

  1. 01The switch is rules-based, not a manager's hunch. Market momentum decides whether the fund sits in bitcoin futures or U.S. Treasuries.
  2. 02A 1940 Act fund, so the exposure arrives in an ordinary brokerage account with no wallet, exchange account, or private keys to look after.
  3. 03The defensive leg is actual U.S. Treasuries, not a synthetic hedge or a short position.
  4. 04Live since 2023, so the rules have run through real bitcoin swings rather than a backtest.

Worth knowing

  1. 01At 1.12% a year it costs more than the typical tactical multi-asset fund, and far more than top-ranked peers like ENDW (0.22%) and ONOF (0.39%).
  2. 02Crypto exposure comes from bitcoin futures, not spot coins, so results follow the futures curve rather than bitcoin's price directly.
  3. 03A small fund that trades thinly, so spreads can matter as much as the fee. It sits in the lower tier of its tactical peer group on our review.

BITC Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
Treasury Bill 0 10/29/202692.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Treasury Bill 0 10/29/202692.02%13,000,000$13M46
002—Cash7.98%0$1M420

Showing 1–2 of 2 holdings

BITC Performance

Launched Mar 20, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
BITC$8,949
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BITC $8,949. SPY $12,044. Use the arrow keys to read each point.$8,148$10,248$12,349Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BITC. Periods over one year show the average yearly return.
PeriodBITC
Year to date+3.1%
1 month−5.6%
3 months+3.2%
1 year−10.5%
3 yearsper year+36.9%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BITC
YearReturn barBITC
2026 YTD+3.1%
2025−20.4%
2024+102.8%
2023+38.3%

History from Mar 21, 2023

BITC in the news

Filtered to BITC · Tactical Allocation

BITC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
3.26%Last 12 months
Payout per share
$1.23Last 12 months
Last payment
$1.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 22, 2023 $1.88; Dec 26, 2024 $20.22; Dec 26, 2025 $1.23. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 30, 2025$1.23
Dec 26, 2024Dec 30, 2024$20.22
Dec 22, 2023Dec 28, 2023$1.88

BITC Risk

How much the fund’s monthly returns vary, scaled to a year.
45.9%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.80
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−33.2%
42 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.53
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BITC Cost

Expense ratio1.12%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

33 of the 46 Tactical Allocation funds charge less.

BITC costs $112.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.

Other funds in Tactical Allocation

See others