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Launched · SEC filings

Bitwise Proficio Currency Debasement ETF

BPRONYSE ArcaC

$19.89−0.24 (−1.22%)

As of Oct 13, 2026, 3:50 PM

C43/ 100

Rank 18 of 30 in Alternative Strategies

C43/100Rank 18 of 30inAlternative Strategies
Intraday session: down, 14 prints from 20.14 to 19.89. Range 19.65 to 20.11. Use the arrow keys to read each point.19.7019.8020.0010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$101M
1Y total return
—
Yield · Last 12 months
—
Holdings
17
Avg volume · 30D
0M sh
NAV per share
$20.27
52W range
low $18.13high $30.29
Launched
Filings
SEC EDGAR

The ETF.net BPRO Grade

Based on 4 of 6 pillars

C

Score 43 out of 100

Category
Alternative Strategies⁠
Rank
18 of 30
Six-pillar profile for BPRO. Scores out of 100: Cost 67, Risk 6, Mission not scored, Tradability 29, Holdings not scored, Durability 53. Strongest: Cost (67). Weakest: Risk (6). Based on 4 of 6 pillars.

Score 43 of 100 falls in the C 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.
    B67 out of 100
    Rank 9 of 30

  • 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.
    F6 out of 100
    Rank 29 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 22 of 30

  • 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.
    C53 out of 100
    Rank 15 of 30

Our read on BPRO

ETF.net Research

CMost alternatives funds sell you a technique. BPRO sells a thesis: currencies lose purchasing power, so own the assets built to benefit. A 2026 Bitwise launch, priced below the typical fund in the alternatives aisle.

Stated mandate

The Fund seeks capital appreciation by investing in assets that may benefit from currency debasement.

Why people hold it

  1. 01One idea, plainly stated: the fund seeks capital appreciation from assets that may benefit from currency debasement. No black-box factor stack to decode.bitwiseinvestments.com
  2. 02A 0.96% expense ratio undercuts the median for its alternatives cohort, a corner of the market where active macro mandates routinely charge more.
  3. 03Ordinary 1940 Act fund structure, not a commodity trust or partnership wrapper, so it behaves like the rest of the ETFs in a normal brokerage account.

Worth knowing

  1. 01It launched in 2026, so the track record is thin and the risk read leans on a single year. Longer-running peers like QALT and CCEF stand higher in the group.
  2. 02Trading is light next to the bigger alternatives funds, so spreads can widen. Limit orders are the practical tool here.
  3. 03The mandate is capital appreciation, and the fund has not been an income payer, so any return has to come from price.

BPRO Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
17
Top-10 weight
80%
Largest holding
GOLD16.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GOLDAmundi Phy 0 Nts Perp USD10000016.42%100,186$17M81
002—Wisdomtree Physical Gold15.04%39,223$15M1
003RINGIshares In Msci Global Gold Miners9.92%128,704$10M3
004BITCCoinshare 0 Etc Perp Bitcoin USD8.65%109,437$9M1
005—Wisdomtree Physical Silver5.81%106,336$6M1
006CBTC21SHARES A Bitcoin Etp 20224.89%249,788$5M1
007—Ishares Di 0 Nts 08/01/2040 USD14.88%596,938$5M1
008—Xtrackers Physical Gold Etc USD4.86%76,441$5M1
009—Ishares Ph Ishs Phys Gold Etc Usd(G4.66%58,073$5M1
010SILGlobal X F Global X Silver Miners E4.41%51,361$4M4
011—Db Etc PLC Xtrackers Phys Gold Etc4.32%10,914$4M1
012SILJAmplify Et Junior Silver Miners Etf4.10%151,494$4M4
013—Ishares Ph Ishs Physical Silver Etc3.87%67,711$4M1
014GDXJVaneck Etf Vaneck Junior Gold Miner3.86%34,133$4M5
015—Bitwise Eu Etc Group Core Bitcoin E3.30%404,372$3M1

Showing 1–15 of 17 holdings

BPRO Performance

Launched Jan 21, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
BPRO$10,550
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BPRO $10,550. SPY $10,332. Use the arrow keys to read each point.$9,370$10,746$12,123Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 BPRO. Periods over one year show the average yearly return.
PeriodBPRO
Year to dateFund launched this year—
1 month−5.5%
3 months+5.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
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 BPRO
YearReturn barBPRO
2026 YTD−20.3%

History from Jan 22, 2026

BPRO in the news

Filtered to BPRO · Alternative Strategies

BPRO 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

BPRO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
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.
—
Launched Jan 2026; fills in after 12 months
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.
—
Launched Jan 2026; fills in after 12 months
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.
0.52
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.

BPRO Cost

Expense ratio0.96%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

11 of the 30 Alternative Strategies funds charge less.

BPRO costs $96.00 a year on $10,000. The median Alternative Strategies fund costs $100.50.

Other funds in Alternative Strategies

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