BRRR — CoinShares Bitcoin ETF

BRRR Price Performance — Growth of $10,000

Value of a $10,000 investment in BRRR 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.

BRRR Drawdown

The "underwater" chart: BRRR'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 CoinShares Bitcoin ETF is a crypto-focused fund issued by CoinShares with $453 million in assets under management. It holds the lowest possible grade of F, ranking 9th out of 11 peers in its category and 453rd of 458 tracked ETFs overall. The fund offers no dividend income, matching the category median of 0.00%, while its expense ratio is not disclosed. Holdings breakdown data is unavailable for this vehicle.

Price action shows significant divergence between short-term momentum and longer-term results, with the 1-month return of +24.02% contrasting sharply with a 1-year decline of -27.48%. The current price of $22.51 sits at 31.8% of its 52-week range, indicating a position closer to the lower bound than the peak. Despite a recent 1-week gain of +2.97%, the year-to-date performance remains negative at -11.24%. The F grade has remained unchanged over the last 35 tracked days, reflecting persistent weakness. Historical analysis is limited by only 2.6 years of price data, preventing a valid three-year return assessment.

Risk metrics indicate extreme price instability, with annualized volatility labeled as Very High at 45.12%. The fund has experienced a maximum drawdown of -53.33%, underscoring the severity of its recent declines. A Sharpe ratio of -0.72 suggests that returns have not compensated investors for the level of risk taken. Liquidity is moderate, characterized by an average daily volume of 111,390 shares and a bid-ask spread of 0.22%. Beta data is not available, limiting the ability to compare its market sensitivity directly.

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

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BRRR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.22% and average daily volume is 111K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $453M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BRRR 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.

BRRR Performance History

How BRRR Compares to Other Crypto ETFs