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 | $40.14 | Daily Change | -$1.34 | -3.23% |
Market Price | $40.14 | Daily Change | -$1.34 | -3.23% |
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | 44.86% | 44.58% | 46.69% |
Since Inception | 16.21% | 16.07% | 19.08% |
Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
---|---|---|---|---|---|---|---|---|
94.32 | BTCQ5 Curncy | CME BITCOIN FUT AUG25 | 567,850.00 | 12.00 | 6,814,200.00 | 6,814,200.00 | ||
5.66 | BMRQ5 Curncy | CME MICRO BITCOIN AUG25 | 11,357.00 | 36.00 | 408,852.00 | 408,852.00 | ||
CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.09 | 49,260.00 | 4,930,433.40 | 68.25 | ||
B 10/23/25 | BN2RKB0 | 0.99 | 600,000.00 | 594,398.93 | 8.23 | |||
B 09/11/25 | BR4XWB8 | 1.00 | 500,000.00 | 497,744.20 | 6.89 | |||
B 10/02/25 | BL54JX9 | 0.99 | 500,000.00 | 496,527.40 | 6.87 | |||
B 10/09/25 | BRF3QJ3 | 0.99 | 400,000.00 | 396,897.16 | 5.49 | |||
CASH | 1.00 | 297,509.97 | 297,509.97 | 4.12 |
Holdings are subject to change. "Cash" denotes U.S. dollars.