WisdomTree Bitcoin Fund
$87.84+0.39 (+0.45%)
- 0.25%
- $169M
- −29.1%
- 0M sh
- $86.99
- low $61.45high $122.97
The ETF.net BTCW Grade
C
Score 53 out of 100
- 11 of 13
Score 53 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.F22 out of 100Rank 11 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 2Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 10 of 13
Our read on BTCW
CWisdomTree filed for a spot bitcoin ETF in 2021, absorbed an SEC rejection, refiled, and was in the first batch to list in January 2024. BTCW is the plain-vanilla version: real bitcoin in institutional custody, priced off the CME CF reference rate.
The Fund seeks exposure to bitcoin’s price, net of the Trust’s expenses and liabilities. It holds bitcoin and values its shares using the CME CF Bitcoin Reference Rate – New York Variant.
Why people hold it
- Simple plumbing: the trust holds actual bitcoin at Coinbase Custody and values shares off the CME CF Bitcoin Reference Rate (New York Variant). No futures, no roll costs, no leverage.sec.gov
- One asset, one job. The portfolio is bitcoin and nothing else, tracking the reference rate net of expenses, so the mandate and the holdings say the same thing.
- The 0.25% sponsor fee is the trust's only expected recurring expense, and it sits right at the middle of the spot bitcoin field rather than the expensive end.sec.gov
Worth knowing
- Thinly traded next to the category's giants, so spreads and limit orders carry more weight here.
- Cheaper shelf-mates exist for the same underlying asset, including Grayscale's Mini Trust (BTC), Franklin's EZBC and VanEck's HODL.
- Not registered under the Investment Company Act of 1940, so the usual fund-style protections don't apply and bitcoin's full price swings pass through.wisdomtree.com
BTCW Holdings
- Other
- 1
- 100%
- BTC
Geography
- United States100.00%
BTCW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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BTCW$7,086
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 | BTCW |
|---|---|
| Year to date | −5.6% |
| 1 month | +7.2% |
| 3 months | +29.6% |
| 1 year | −29.1% |
| 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 | BTCW |
|---|---|---|
| 2026 YTD | −5.6% | |
| 2025 | −6.1% | |
| 2024 | +100.0% |
BTCW in the news
BTCW Dividends
No distributions in the last 12 months.
BTCW Risk
- 54.0%
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.
- −53.4%
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.
- 2.15
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BTCW Cost
0.25%
BTCW0.25%
- 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%
- CBRRRCoinShares Bitcoin ETFExpense ratio 0.25%1 year return −29.2%