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 Valkyrie Digital Assets LLC that tracks one of 11 ETFs in its category. With an asset base of $344 million and a share price of $18.09, the fund has attracted a moderate level of investor adoption relative to its peers. It holds an overall rank of #452 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of F with a score of 27.8 out of 100. The fund does not distribute income, showing a dividend yield of 0.00%, and its expense ratio is not disclosed in available data. The absence of a disclosed expense ratio and the fund's lower ranking suggest it may face competitive challenges regarding cost efficiency or performance metrics compared to higher-ranked alternatives. Its position within the crypto category places it in a segment characterized by high volatility and significant price fluctuations. The combination of its AUM and rank indicates it is a smaller player within a crowded and rapidly evolving asset class.

Recent performance data reveals a pattern of short-term recovery amidst a broader long-term decline. The fund posted a 1-day return of -0.95% and a 1-week return of +0.06%, indicating minimal movement over the immediate past. A more significant gain occurred over the last month with a return of +7.21%, contrasting sharply with the -17.49% loss recorded over the three-month period. This divergence continues into longer horizons, where the six-month return stands at -28.29% and the year-to-date return is -28.68%. The one-year return of -46.00% highlights a substantial decline over the past twelve months, while the three-year return is not available. The trajectory suggests a volatile environment where brief periods of positive momentum have been insufficient to offset sustained downward pressure over the year.

The fund carries a Very High volatility label, reflecting the unstable nature of its underlying crypto assets. A Sharpe ratio of -1.15 indicates that the fund has generated negative risk-adjusted returns, meaning the volatility has not been compensated by positive performance. The maximum drawdown of -53.33% demonstrates the potential for severe capital erosion during market downturns. Although the beta is not provided, the extreme drawdown and negative Sharpe ratio suggest the fund likely exhibits high sensitivity to market movements. This combination of figures implies that the ETF experiences significant swings in both directions, offering little downside protection during bearish phases. Investors in this fund must be prepared for substantial fluctuations that can rapidly erode principal value.

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

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 8.12% and average daily volume is 200K/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 $344M 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