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Bitwise Funds Trust - Bitwise Bitcoin Strategy Optimum Roll ETF (BITC)
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Upturn Advisory Summary
11/07/2025: BITC (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 51.88% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/07/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 26.09 - 55.73 | Updated Date 06/30/2025 |
52 Weeks Range 26.09 - 55.73 | Updated Date 06/30/2025 |
Upturn AI SWOT
Bitwise Funds Trust - Bitwise Bitcoin Strategy Optimum Roll ETF
ETF Overview
Overview
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) seeks to provide capital appreciation by investing in Bitcoin futures contracts. It aims to optimize roll yield by strategically managing the maturities of the futures contracts it holds, targeting the front-month Bitcoin futures contracts. This ETF does not invest directly in Bitcoin.
Reputation and Reliability
Bitwise Asset Management is a reputable firm specializing in cryptocurrency investment solutions. They are known for their research and expertise in the digital asset space.
Management Expertise
Bitwise has a team of experienced professionals in both traditional finance and cryptocurrency markets, bringing a strong understanding of the complexities of digital asset investing.
Investment Objective
Goal
To seek capital appreciation primarily through managed exposure to Bitcoin futures contracts.
Investment Approach and Strategy
Strategy: Actively managed, focusing on Bitcoin futures contracts and optimizing roll strategy to enhance returns by strategically managing the maturities of the Bitcoin futures contracts.
Composition Primarily Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME).
Market Position
Market Share: Insufficient data available to calculate accurate market share.
Total Net Assets (AUM): 114820000
Competitors
Key Competitors
- ProShares Bitcoin Strategy ETF (BITO)
- Valkyrie Bitcoin Strategy ETF (BTF)
- VanEck Bitcoin Strategy ETF (XBTF)
Competitive Landscape
The Bitcoin futures ETF market is competitive. BITC differentiates itself via an 'optimum roll' strategy. BITO has a first-mover advantage and larger AUM. Other competitors vie for market share through marketing and slight variations in fund management.
Financial Performance
Historical Performance: Historical performance data should be obtained from reliable financial data sources. Past performance is not indicative of future results.
Benchmark Comparison: Comparison to Bitcoin spot price or relevant Bitcoin futures index is crucial for assessing performance.
Expense Ratio: 0.85
Liquidity
Average Trading Volume
The ETF has a moderate average trading volume which makes the ease of buying and selling shares without significantly impacting its price relatively easy.
Bid-Ask Spread
The bid-ask spread should be monitored to assess trading costs which should be relatively tight due to trading volume.
Market Dynamics
Market Environment Factors
Factors impacting BITC include Bitcoin price volatility, regulatory developments regarding cryptocurrencies, futures market conditions, and overall investor sentiment towards digital assets.
Growth Trajectory
Growth depends on Bitcoin's adoption as an asset class and the ETF's ability to effectively manage futures contracts. Changes in strategy and holdings are driven by market conditions and the goal of optimum roll yield.
Moat and Competitive Advantages
Competitive Edge
BITC's competitive edge lies in its 'optimum roll' strategy, attempting to mitigate the negative impacts of contango in the futures market. This approach aims to improve returns relative to passively managed Bitcoin futures ETFs. Bitwise's reputation and expertise in the crypto space can also attract investors. However, the success of this strategy depends on the actual roll yields achieved.
Risk Analysis
Volatility
BITC is expected to exhibit high volatility due to its exposure to Bitcoin futures, which are inherently volatile assets.
Market Risk
Market risk is primarily tied to Bitcoin's price fluctuations. Changes in regulatory landscape or negative news flow could significantly impact the ETF's value. Counterparty risk is also present when dealing with futures contracts.
Investor Profile
Ideal Investor Profile
BITC is suited for investors with a high-risk tolerance who seek exposure to Bitcoin's price movements through a regulated investment vehicle and are comfortable with the complexities of futures contracts.
Market Risk
This ETF is best suited for active traders or investors with a shorter-term investment horizon due to the roll costs associated with futures contracts and the inherent volatility.
Summary
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) offers exposure to Bitcoin through futures contracts, with a focus on optimizing roll yield. Its performance is highly correlated with Bitcoin's price, making it a speculative investment. Investors should be aware of the high volatility and potential risks associated with futures trading. While it provides access to Bitcoin in a regulated manner, its suitability is limited to investors with high-risk tolerance and active trading strategies.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Bitwise Asset Management website
- SEC filings
- Financial news sources (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your individual risk tolerance and financial situation. Past performance is not indicative of future results. Cryptocurrency investments are speculative and involve substantial risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitwise Funds Trust - Bitwise Bitcoin Strategy Optimum Roll ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective through managed exposure to bitcoin futures contracts ("bitcoin futures contracts") and investments in U.S. Treasury securities. Under normal market conditions, it will invest at least 80% of its assets in Bitcoin Futures Contracts and U.S. Treasury securities. For purposes of compliance with this investment policy, derivative contracts (such as Bitcoin Futures Contracts) will be valued at their notional value. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.