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BITW

GradeBNew York Stock Exchange Arca

Bitwise 10 Crypto Index ETF

Crypto · Bitwise · Inception 2017-11-22 · SEC filings

$55.20−1.49 (−2.63%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 56.69 to 55.20. Range 54.91 to 56.41. Use the arrow keys to read each point.$55.00$55.50$56.00$56.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$775M
1Y return
−28.0%
Yield · Last 12 months
—
Holdings
10
Volume · 30D
0.1M sh
NAV per share
$53.45
52W range
low $37.20high $86.70

The ETF.net BITW Grade

B

56/ 100

Rank 5 of 10 in Spot Crypto Basket⁠

Confidence High

Six-pillar profile for BITW. Scores out of 100: Cost 25, Risk 32, Mission 100, Tradability 61, Holdings 50, Durability 81. Strongest: Mission (100). Weakest: Cost (25). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 25
    Category rank8/10 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/6 · top 17%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank9/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank4/10 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank4/4 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    Category rank1/10 · top 10%

Graded as of Sep 22, 2026

Our read on BITW

ETF.net Research

BOne ticker for the ten largest crypto assets, rebalanced monthly, running since 2017. Bitwise built the veteran of the multi-coin basket, and it prices like a veteran: 2.5% a year.

Stated mandate

The fund seeks to invest in a broad portfolio of crypto assets that tracks the Bitwise 10 Large Cap Crypto Index, with monthly rebalancing to reflect index changes.

Why people hold it

  1. 01Tracks the Bitwise 10 Large Cap Crypto Index with monthly rebalancing, so the basket rotates as the large-cap crypto lineup changes. No wallets, keys, or exchange accounts.
  2. 02Live since 2017, a long operating history for this asset class, spanning several full crypto boom-and-bust cycles.
  3. 03Has hewed tightly to its stated index and mandate. What the prospectus describes is what the portfolio holds.
  4. 04Trades with better depth and tighter friction than most of its multi-coin peer group, useful in an asset class where entry and exit costs bite.

Worth knowing

  1. 01The fee is the headline trade-off: 2.5% a year, multiples of the peer median. Franklin's EZPZ lists 0.00% and Hashdex's NCIQ 0.25% for similar broad-basket exposure.
  2. 02Raw crypto beta. Swings dwarf those of equity funds, and the basket is concentrated in the largest coins rather than spread thin.
  3. 03No income stream. The fund has not paid distributions, so any return has to come from price.

BITW Holdings

As of Sep 20, 2026, 9:29 AM
Asset class
Other
Holdings
10
Top-10 weight
100%
Largest holding
BTC75.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BTCBitcoin75.69%6,810$553M6
002ETHEthereum14.76%40,957$108M3
003XRPXRP4.08%21,261,780$30M12
004SOLSolana3.07%197,257$22M14
005—Hyperliquid0.96%76,248$7M2
006LINKChainlink0.41%245,385$3M7
007—Cardano0.39%12,703,003$3M2
008—Stellar Lumens0.30%11,456,396$2M1
009LTCLitecoin0.21%26,556$2M117
010SUISui0.14%1,294,862$1M187

Showing 1–10 of 10 holdings

BITW Performance

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

BITW$7,204
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BITW $7,204. SPY $11,723. Use the arrow keys to read each point.$4,214$8,267$12,321Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 BITW. Periods over one year show the average yearly return.
PeriodBITW
Year to date−3.5%
1 month+13.2%
3 months+38.1%
1 year−28.0%
3 years+68.6%per year
5 years+4.7%per year
10 yearsFund is under 10 years old—per 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 BITW
YearReturn barBITW
2026 YTD−3.5%
2025−2.6%
2024+160.7%
2023+331.1%
2022−85.9%
2021−36.8%
2020+403.3%

History from Oct 15, 2020

BITW in the news

BITW Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

BITW Risk

How much the fund’s monthly returns vary, scaled to a year.
71.0%
Annualised · 36 months to Aug 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.
0.92
vs 3-month T-bills · to Aug 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.
−91.0%
Trough Dec 2022
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.
2.52
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.

BITW Cost

Expense ratio0.75%
  • The middle half of Spot Crypto Basket funds
  • Median 0.58%

7 of the 10 Spot Crypto Basket funds charge less.

BITW costs $75.00 a year on $10,000. The median Spot Crypto Basket fund costs $58.50.