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Launched

Global X - Bitcoin Trend Strategy ETF

BTRNNYSE ArcaCThis fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.

$27.140.00 (0.00%)

As of Oct 13, 2026, 3:55 PM

C40/ 100

Rank 3 of 7 in Bitcoin Derivatives

C40/100Rank 3 of 7inBitcoin Derivatives
Intraday session: up, 11 prints from 27.14 to 27.14. Range 27.13 to 27.14. Use the arrow keys to read each point.27.1327.1327.1327.1410 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1M
1Y total return
−8.6%
Yield · Last 12 months
28.40%
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$27.13
52W range
low $24.48high $37.81
Launched

The ETF.net BTRN Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Bitcoin Derivatives⁠
Rank
3 of 7
Six-pillar profile for BTRN. Scores out of 100: Cost 51, Risk 67, Mission not scored, Tradability 49, Holdings not scored, Durability 55. Strongest: Risk (67). Weakest: Tradability (49). Based on 4 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
54
This cap took
−14
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 3 of 7

  • 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.
    B67 out of 100
    Rank 1 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 3 of 7

  • 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.
    B55 out of 100
    Rank 3 of 7

Our read on BTRN

ETF.net Research

CMost bitcoin funds have one setting: on. BTRN follows a CoinDesk trend index that shifts its mix between CME bitcoin futures and short-term Treasury exposure as the trend turns, so the throttle moves with the signal instead of staying pinned.

Stated mandate

BTRN seeks to track the CoinDesk Bitcoin Trend Indicator Futures Index before fees and expenses. It adjusts exposure between CME bitcoin futures and short-term Treasury exposure as the bitcoin trend changes.

Why people hold it

  1. 01Exposure is not fixed. The index moves between CME bitcoin futures and short-term Treasuries as bitcoin's trend changes.globalxetfs.com
  2. 02The signal comes from a published outside benchmark, the CoinDesk Bitcoin Trend Indicator Futures Index (BTIUSF), rather than a manager's discretion.
  3. 03Standard 1940 Act ETF plumbing with exchange-listed futures: a brokerage account, no wallet, no crypto exchange.
  4. 04The 0.95% expense ratio sits level with the largest bitcoin futures fund, BITO, and a shade under the cohort's typical fee.

Worth knowing

  1. 01Trend rules confirm turns after they happen. Sharp reversals can leave the fund positioned for the trend that just ended.
  2. 02Futures, not coins. Roll costs and futures pricing mean the ride can differ from bitcoin's spot move.
  3. 03Small and thinly traded, so spreads can be wide and limit orders matter. The track record starts in 2024.

BTRN Holdings

As of Sep 29, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
Cme Bitcoin Fut OCT2650.8%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cme Bitcoin Fut OCT2650.77%2$838K2
002CLIPGlobal X 1-3 Month T-Bill28.02%4,610$462K5
003—Cash21.23%350,393$350K420

Showing 1–3 of 3 holdings

BTRN Performance

Launched Mar 20, 2024

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.
BTRN$9,141
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BTRN $9,141. SPY $12,044. Use the arrow keys to read each point.$7,949$10,156$12,364Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – 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 BTRN. Periods over one year show the average yearly return.
PeriodBTRN
Year to date−1.2%
1 month+5.1%
3 months+9.7%
1 year−8.6%
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 BTRN
YearReturn barBTRN
2026 YTD−1.2%
2025+4.9%
2024+6.8%

History from Mar 22, 2024

BTRN in the news

Filtered to BTRN · Bitcoin Derivatives

BTRN 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.
28.40%Last 12 months
Payout per share
$7.71Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2024–2026

One bar per payment. 5 payments from 2024 to 2026 YTD. Jun 27, 2024 $0.20; Dec 30, 2024 $0.66; Jun 27, 2025 $0.23; Dec 30, 2025 $7.46; Jun 29, 2026 $0.24. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.24
Dec 30, 2025Jan 7, 2026$7.46
Jun 27, 2025Jul 7, 2025$0.23
Dec 30, 2024Jan 7, 2025$0.66
Jun 27, 2024Jul 5, 2024$0.20

BTRN Risk

How much the fund’s monthly returns vary, scaled to a year.
33.0%
Annualised · 30 months to Sep 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.
0.04
vs 3-month T-bills · 30 months to Sep 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.
−37.0%
30 months · trough Aug 2024
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.
1.08
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.

BTRN Cost

Expense ratio0.95%
  • The middle half of Bitcoin Derivatives funds
  • Median 0.95%

2 of the 7 Bitcoin Derivatives funds charge less.

BTRN costs $95.00 a year on $10,000. The median Bitcoin Derivatives fund costs $95.00.

Other funds in Bitcoin Derivatives

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