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 | $27.50 | Daily Change | -$0.11 | -0.40% |
| Market Price | $27.51 | Daily Change | -$0.09 | -0.33% |
As of recent month & quarter-end (Dec 31 2025) | Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 4.81% | 4.93% | 2.79% |
| Since Inception | 5.41% | 5.43% | 6.87% |
| Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
|---|---|---|---|---|---|---|---|---|
| 48.79 | BTCF6 Curncy | CME BITCOIN FUT JAN26 | 447,225.00 | 3.00 | 1,341,675.00 | 1,341,675.00 | ||
| CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.30 | 19,060.00 | 1,911,718.00 | 69.52 | ||
| B 02/12/26 | BVMWZP0 | 1.00 | 550,000.00 | 548,906.11 | 19.96 | |||
| CASH | 1.00 | 828,283.28 | 828,283.28 | 30.12 |
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.