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 |
* 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.
As of recent month & quarter-end (Sep 30 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 64.06% | 64.03% | 60.00% |
Since Inception | 12.88% | 12.90% | 15.30% |
NAV | $40.24 | Daily Change | $0.30 | 0.75% |
Market Price | $40.25 | Daily Change | $0.04 | 0.10% |
Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
---|---|---|---|---|---|---|---|---|
51.21 | BTCV5 Curncy | CME BITCOIN FUT OCT25 | 618,175.00 | 5.00 | 3,090,875.00 | 3,090,875.00 | ||
CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.13 | 39,160.00 | 3,921,090.80 | 64.97 | ||
B 10/23/25 | BN2RKB0 | 1.00 | 600,000.00 | 598,852.50 | 9.92 | |||
B 01/06/26 | BSQPNY9 | 0.99 | 500,000.00 | 495,115.70 | 8.20 | |||
B 10/09/25 | BRF3QJ3 | 1.00 | 400,000.00 | 399,865.00 | 6.63 | |||
CASH | 1.00 | 614,723.94 | 614,723.94 | 10.19 |
Holdings are subject to change. "Cash" denotes U.S. dollars.