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BTGD

GradeCNASDAQ Global Market

STKd 100% Bitcoin & 100% Gold ETF

Leveraged & Inverse · Quantify · Inception 2024-10-15

$28.25−1.20 (−4.07%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Oct 16, 2024.
Intraday session: down, 58 prints from 29.45 to 28.25. Range 27.95 to 28.89. Use the arrow keys to read each point.$28.00$28.40$28.8010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$57M
1Y return
−26.0%
Yield · Last 12 months
3.92%
Holdings
9
Volume · 30D
0M sh
NAV per share
$29.40
52W range
low $19.12high $48.86

The ETF.net BTGD Grade

C

50/ 100

Rank 23 of 99 in Leveraged Long (2x & Other)⁠

Confidence High

Six-pillar profile for BTGD. Scores out of 100: Cost 54, Risk 22, Mission 17, Tradability 70, Holdings 27, Durability 60. Strongest: Tradability (70). Weakest: Mission (17). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C 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.
    CScore 54
    Category rank45/99 · top 45%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 17
    Category rank10/10 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank84/94 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank17/99 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 27
    Category rank22/23 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank39/99 · top 39%

Graded as of Sep 22, 2026

Our read on BTGD

ETF.net Research

CThe name is the whole strategy: one share built to carry a full slug of bitcoin and a full slug of gold at the same time, assembled from futures and pooled funds rather than a spot pile.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed strategy combining bitcoin and gold exposures, obtained through U.S.-listed futures contracts and pooled investment vehicles.

Why people hold it

  1. 01Runs at 0.99% a year, below the typical fee in its leveraged-bull peer group.
  2. 02Two hard-money exposures ride in one ticker, so cash is not split between a separate bitcoin fund and a separate gold fund.
  3. 03Actively managed, but housed in a standard 1940 Act ETF wrapper, the same plumbing as a plain index fund.

Worth knowing

  1. 01Stacking cuts both ways. When bitcoin and gold sell off together, both sleeves land at once, which is why it sits in the leveraged-bull cohort.
  2. 02Trades lightly next to cohort heavyweights like FAS and QLD, so spreads can be wider and order type matters more.
  3. 03Launched in 2024, so the record is short and has not yet spanned a full market cycle.

BTGD Holdings

As of Sep 20, 2026, 10:15 AM
Asset class
Other
Holdings
9
Top-10 weight
131%
Largest holding
74347G440-TRS-07/23/29-L34.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
00174347G440-TRS-07/23/29-LPROSHARES BITCOIN ETF-SWAP-MREX-L34.68%4,973,000$54M1
002GCV6 ComdtyGOLD 100 OZ FUTR Oct2632.80%117$51M1
00374347G440-TRS-07/23/29-LPROSHARES BITCOIN ETF-SWAP-MREX-L32.51%4,953,000$51M1
004FGXXXFirst American Government Obligations Fund 12/01/203113.69%21,437,334$21M86
005FGXXXFirst American Government Obligations Fund 12/01/203113.49%21,123,147$21M86
006GLDMSPDR Gold MiniShares Trust1.75%31,583$3M16
007GLDMSPDR Gold MiniShares Trust1.73%31,583$3M16

Showing 1–7 of 7 holdings

BTGD Performance

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

BTGD$7,402
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. BTGD $7,402. SPY $11,723. Use the arrow keys to read each point.$4,300$8,311$12,322Sep 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 BTGD. Periods over one year show the average yearly return.
PeriodBTGD
Year to date−14.2%
1 month+3.7%
3 months+33.0%
1 year−26.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 BTGD
YearReturn barBTGD
2026 YTD−14.2%
2025+34.6%
2024+29.8%

History from Oct 16, 2024

BTGD in the news

ETF.net Research hasn’t filed on BTGD yet — coverage lands here as it’s written.

BTGD 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 Sep 22, 2026.
3.92%Last 12 months
Payout per share
$1.15Last 12 months
Last payment
$1.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.05; Dec 30, 2025 $1.15. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$1.15
Dec 23, 2024Dec 26, 2024$0.05

BTGD Risk

How much the fund’s monthly returns vary, scaled to a year.
55.2%
Annualised · 22 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.
0.48
vs 3-month T-bills · 22 months 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.
−58.8%
23 months · trough Jun 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.
1.83
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.

BTGD Cost

Expense ratio0.99%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

44 of the 93 Leveraged Long (2x & Other) funds charge less.

BTGD costs $99.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.