CoinShares Bitcoin ETF
$23.43+0.10 (+0.43%)
- 0.25%
- $468M
- −29.2%
- 0.1M sh
- $23.21
- low $16.37high $32.81
The ETF.net BRRR Grade
C
Score 52 out of 100
- 12 of 13
Score 52 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.D35 out of 100Rank 7 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 6 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 12 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 11 of 13
Our read on BRRR
CLive since January 2024, CoinShares' spot bitcoin fund keeps it simple: hold the coin, value shares off the CME CF New York reference rate, charge the category's median fee. Same index the household names use, smaller nameplate.
The Trust seeks to track bitcoin’s value as represented by the CME CF Bitcoin Reference Rate – New York Variant, after expenses and liabilities. It holds bitcoin and values its shares using that index.
Why people hold it
- Narrow mandate, cleanly executed: hold bitcoin, value shares off the CME CF Bitcoin Reference Rate (New York Variant), less expenses. Tracking of that index has been very close.
- The 0.25% fee sits right at the cohort median and matches what several of the biggest US spot bitcoin funds charge, including IBIT and BTCO.
- Spot bitcoin in a grantor trust: no futures to roll, no crypto exchange account, no private keys to guard. It trades in a brokerage account like any other ticker.
Worth knowing
- Same benchmark, cheaper doors: BTC, BITB and HODL track the identical reference rate at a lower headline fee.
- Smaller and less heavily traded than the category's giants, which can show up as wider spreads when bitcoin is moving fast.
- Pure price exposure. It holds bitcoin and pays no distributions, so the coin's full volatility comes through with no income to soften it.
BRRR Holdings
- Other
- 2
- 100%
- Bitcoin
BRRR Performance
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.
BRRR$7,083
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.
| Period | BRRR |
|---|---|
| Year to date | −5.7% |
| 1 month | +7.1% |
| 3 months | +29.5% |
| 1 year | −29.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BRRR |
|---|---|---|
| 2026 YTD | −5.7% | |
| 2025 | −6.5% | |
| 2024 | +99.0% |
BRRR in the news
BRRR Dividends
No distributions in the last 12 months.
BRRR Risk
- 53.8%
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.
- 0.63
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.
- −53.3%
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.
- 2.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRRR Cost
0.25%
BRRR0.25%
- The middle half of Spot Bitcoin funds
- Median 0.23%
6 of the 12 Spot Bitcoin funds charge less.
Other funds in Spot Bitcoin
- BFBTCFidelity Wise Origin Bitcoin FundExpense ratio 0.25%1 year return −29.2%
- BIBITiShares Bitcoin Trust ETFExpense ratio 0.25%1 year return −29.2%
- BBTCOInvesco Galaxy Bitcoin ETFExpense ratio 0.25%1 year return −29.2%
- BGBTCGrayscale Bitcoin Trust ETFExpense ratio 1.50%1 year return −30.1%
- CBTCWWisdomTree Bitcoin FundExpense ratio 0.25%1 year return −29.1%