Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETFBitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETFBitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF

Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF

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Key stats


Assets under management (AUM)
‪8.39 M‬USD
Fund flows (1Y)
‪7.35 M‬USD
Dividend yield (indicated)
4.29%
Discount/Premium to NAV
0.5%

About Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF


Issuer
Bitwise Asset Management, Inc.
Brand
Bitwise
Expense ratio
0.90%
Inception date
Oct 2, 2023
Index tracked
No Underlying Index
Management style
Active
BTOP is designed to provide exposure to the two most well-known digital assets, bitcoin and ether, by equally investing in cash-settled, front-month CME bitcoin and ether futures contracts while also considering back-month contracts. Both cryptocurrencies are split into a 50-50 allocation and will be rebalanced quarterly. The fund will roll the contracts monthly, as they near expiration, which may also lead to a higher-than-normal portfolio turnover. Note that this investment is exclusively through a wholly-owned Cayman Islands subsidiary and is capped at 25% at each quarter end. To provide liquidity and collateral, up to 75% of the remaining assets will be invested in money market instruments. It may also utilize reverse repurchase agreements to maintain the desired level of exposure to assets. The bitcoin and ether futures contracts are cash-settled based upon the CME CF Bitcoin-Dollar Reference Rate and CME CF Ether-Dollar Reference Rate, respectively.

Classification


Asset Class
Currency
Category
Basket
Focus
Long cryptocurrency basket, short USD
Niche
Derivative
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 6, 2024
Exposure type
Bonds, Cash & Other
Mutual fund
Government
Bonds, Cash & Other100.00%
Mutual fund55.93%
Government44.07%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows