By investing in the regulated bitcoin futures market, BTRN offers a novel and transparent way of gaining exposure to bitcoin futures, without the need for self-custody.
BTRN is designed to help navigate the volatility of bitcoin prices, potentially enhancing risk-adjusted performance relative to a direct investment in bitcoin or bitcoin futures.1
BTRN seeks to mitigate the severity and extent of drawdowns by dynamically allocating between bitcoin futures and short-term treasuries, based on signal developed by CoinDesk Indices.
1Bitcoin-related investments may experience price volatility, potentially declining without warning, including to zero
Key Information |
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
NAV | $39.86 | Daily Change | $1.20 | 3.10% |
Market Price | $39.86 | Daily Change | $1.23 | 3.18% |
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | -1.88% | -2.08% | 0.36% |
Since Inception | 4.24% | 4.24% | 8.69% |
Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
---|---|---|---|---|---|---|---|---|
76.04 | BTCM5 Curncy | CME BITCOIN FUT JUN25 | 545,625.00 | 10.00 | 5,456,250.00 | 5,456,250.00 | ||
CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.15 | 44,260.00 | 4,432,639.00 | 61.78 | ||
B 07/24/25 | BTWN742 | 0.99 | 600,000.00 | 596,909.00 | 8.32 | |||
B 07/03/25 | BRJWQM9 | 1.00 | 500,000.00 | 498,663.13 | 6.95 | |||
B 06/12/25 | BSLSTR8 | 1.00 | 400,000.00 | 399,906.33 | 5.57 | |||
B 07/17/25 | BTFK9C2 | 1.00 | 300,000.00 | 298,708.04 | 4.16 | |||
CASH | 1.00 | 950,100.18 | 950,100.18 | 13.24 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.