BITB — Bitwise Bitcoin ETF

BITB Price Performance — Growth of $10,000

Value of a $10,000 investment in BITB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BITB Drawdown

The "underwater" chart: BITB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Bitwise Bitcoin ETF, issued by Bitwise Investments, tracks the crypto category where it ranks 4th out of 11 peers. With $3.19 billion in assets, the fund holds a D grade and an overall rank of 421 among 458 tracked ETFs. Its 0.2% expense ratio sits below the category median of 0.25%, though it offers no dividend yield compared to the median 1.88%. Holdings data is not available for this fund.

The fund’s price of $44.05 places it at 39.7% of its 52-week range, reflecting a recent upgrade from an F to a D grade on 2026-09-10. While the one-year return of -24.83% slightly outperforms the category median of -24.91%, the three-year record is not established due to only 2.8 years of price history. Short-term performance shows a -0.23% daily change and a -3.80% monthly decline, contrasting with a +25.04% gain over the past three months. Year-to-date returns stand at -9.73%.

Annualized volatility of 44.86% is labeled Very High, indicating significant price fluctuation over the record period. The Sharpe ratio of -0.66 suggests that risk-adjusted returns have been negative during this timeframe. A maximum drawdown of -53.33% highlights the extent of peak-to-trough losses experienced by investors. Liquidity is evidenced by an average daily volume of 1,111,632 shares, while beta data is not provided.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BITB Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.19B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BITB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BITB Performance History

How BITB Compares to Other Crypto ETFs