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 (BRRR) is a crypto-focused fund issued by CoinShares with $478 million in assets under management. It holds the lowest grade in its category, receiving an F rating and ranking 9th out of 11 peers. The fund does not pay a dividend, contrasting with the category median yield of 1.88%, and its expense ratio is not reported. This cost and income profile places it near the bottom of the 458 tracked ETFs overall.

Price action shows a divergence between short-term weakness and recent momentum, with the fund down 0.21% over one day but up 24.92% over three months. The current price of $22.87 sits at 39.5% of its 52-week range, reflecting a significant decline of 24.94% over the past year. Despite the one-year loss, the fund's performance slightly outpaced the category median of -24.91%. The F grade has remained unchanged for the last 35 tracked days, though the record is limited by only 2.8 years of price history.

The fund exhibits Very High volatility at 44.90% annualized, accompanied by a negative Sharpe ratio of -0.67. A maximum drawdown of -53.33% indicates substantial peak-to-trough declines during the available history. Liquidity is modest, with an average daily volume of 48,112 shares. The absence of beta data prevents a direct comparison of market sensitivity, but the high volatility and negative risk-adjusted returns characterize the fund's historical behavior.

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.

BRRR Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 48K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $478M 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