BTRN


Bitcoin Trend Strategy ETF

Reasons to Consider BTRN

Bitcoin Futures Exposure

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.

Capture Systematic Trends

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

Minimize Downside Risk

BTRN seeks to mitigate the severity and extent of drawdowns by dynamically allocating between bitcoin futures and short-term treasuries, based on a signal developed by CoinDesk Indices (detailed below).

1Bitcoin-related investments may experience price volatility, potentially declining without warning, including to zero

Key Information As of 04/12/24

Inception Date 03/20/24
Total Expense Ratio 0.95%
Net Assets $2.61 million
NAV $32.56
Fact Sheet View the document

ETF Summary

The Global X Bitcoin Trend Strategy ETF (BTRN) is a long-only allocation strategy designed to maintain exposure to CME-listed bitcoin futures proportionate to the strength of the Bitcoin Trend Indicator (“BTI”) by CoinDesk Indices. BTRN maintains greater exposure to CME bitcoin futures when the price trend is positive and moves to a risk-off position when that trend reverses, allocating to the Global X 1-3 Month T-Bill ETF (CLIP) or similar exposure.

ETF Objective

The Global X Bitcoin Trend Strategy ETF (BTRN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CoinDesk Bitcoin Trend Indicator Futures Index.

Trading Details As of 04/12/24

Ticker BTRN
Bloomberg Index Ticker BTIUSF
CUSIP 37960A487
ISIN US37960A4875
Primary Exchange NYSE Arca
Shares Outstanding 80,000
Number of Holdings 5
30-Day Median Bid-Ask Spread N/A

Distributions As of 04/12/24

30-Day SEC Yield N/A
Distribution Frequency Semi-Annually

ETF Prices As of 04/12/24

NAV $32.56 Daily Change -$1.83 -5.32%
Market Price $32.67 Daily Change -$1.73 -5.03%

Performance History

As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception 6.37% 6.59% 8.58%
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception 6.37% 6.59% 8.58%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/12/24

Exposure (%) Ticker Name SEDOL Price/Unit ($) Units Held Exposure Amount ($) Market Value ($) Market Value (%)
103.14 BTCJ4 Curncy CME BITCOIN FUT APR24 335,850.00 8.00 2,686,800.00
CLIP GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.05 65,000.00 1,628,250.00 62.50
B 07/16/24 BS9CCH3 0.99 500,000.00 493,314.03 18.94
B 06/13/24 BRXDCX1 0.99 250,000.00 247,853.06 9.51
B 07/11/24 BRBP3C5 0.99 150,000.00 148,102.31 5.69
CASH 1.00 87,599.77 87,599.77 3.36
Holdings are subject to change. "Cash" denotes U.S. dollars.

Bitcoin and bitcoin futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Fund could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment.

Investing involves risk, including the possible loss of principal. BTRN invests in bitcoin futures contracts. The ETF does not invest directly in or hold bitcoin. The price and performance of bitcoin futures should be expected to differ from the current “spot” price of bitcoin. These differences could be significant. Bitcoin futures are subject to margin requirements, collateral requirements, and other limits that may prevent the ETF from achieving its objective. Margin requirements for futures and costs associated with rolling (buying and selling) futures may have a negative impact on the fund’s performance and its ability to achieve its investment objective. BTRN is non-diversified.

Bitcoin is largely unregulated and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments. Bitcoin and bitcoin futures are subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for bitcoin and bitcoin futures contracts and other factors.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Coindesk, nor does Coindesk make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Coindesk.

COINDESK® and CoinDesk Bitcoin Trend Indicator Futures Index (the “Index”) are trade or service marks of CoinDesk Indices, Inc. (“CDI”), the publisher of the Data, and/or its licensors. CDI or CDI’s licensors own all proprietary rights in the Data. CDI is not affiliated with Global X Digital Assets, LLC and does not approve, endorse, review, or recommend BTRN. CDI does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Data and shall not be liable in any way to the Global X Management Company LLC, investors in or holders of BTRN or other third parties in respect of the use or accuracy of the Data or any data included therein.