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Bitwise Funds Trust (ICOI)
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Upturn Advisory Summary
09/15/2025: ICOI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -10.41% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/15/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range - | Updated Date 04/15/2025 |
52 Weeks Range - | Updated Date 04/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Bitwise Funds Trust
Company Overview
History and Background
Bitwise Asset Management, founded in 2017, focuses on providing cryptocurrency investment products. They aim to bridge the gap between traditional finance and the emerging crypto asset class.
Core Business Areas
- Crypto Index Funds: Offers funds tracking diversified baskets of cryptocurrencies, allowing investors to gain broad exposure to the crypto market.
- Single Asset Funds: Provides investment vehicles focused on specific cryptocurrencies, such as Bitcoin or Ethereum.
- Private Funds: Offers investment products tailored to institutional investors seeking exposure to digital assets.
Leadership and Structure
Hunter Horsley is the CEO. The company has a structured investment committee and research team focused on cryptocurrency analysis and fund management.
Top Products and Market Share
Key Offerings
- Bitwise 10 Crypto Index Fund (BITW): Tracks the 10 largest cryptocurrencies by market capitalization. Competitors include Grayscale, 21Shares, and BlackRock's crypto ETFs.
- Bitwise Bitcoin ETF (BITB): A spot bitcoin ETF that tracks the price of Bitcoin. Competitors include Grayscale (GBTC), BlackRock (IBIT), Fidelity (FBTC), Ark Invest (ARKB) and VanEck (HODL).
Market Dynamics
Industry Overview
The cryptocurrency investment industry is rapidly growing, driven by increasing institutional adoption and retail investor interest. It's subject to regulatory uncertainty and volatility.
Positioning
Bitwise is positioned as a leading provider of crypto index funds and ETFs, offering diversified and regulated investment products. Their advantage is their early focus on the crypto asset class.
Total Addressable Market (TAM)
The total addressable market for crypto investments is estimated to be multi-trillion dollars. Bitwise is positioned to capture a growing share of this market through its range of products.
Upturn SWOT Analysis
Strengths
- Early mover advantage in crypto investment products
- Strong brand recognition within the crypto community
- Experienced management team with crypto expertise
- Diversified product offering
Weaknesses
- Relatively small AUM compared to traditional asset managers
- High expense ratios on some products
- Dependence on the volatile crypto market
- Limited track record compared to established firms
Opportunities
- Increasing institutional adoption of cryptocurrencies
- Expansion of product offerings to include new asset classes
- Partnerships with traditional financial institutions
- Growth of the decentralized finance (DeFi) ecosystem
Threats
- Regulatory uncertainty and potential restrictions on crypto assets
- Increased competition from established asset managers
- Market volatility and potential for significant price declines
- Security risks associated with cryptocurrency custody
Competitors and Market Share
Key Competitors
- GBTC
- IBIT
- FBTC
- ARKB
- HODL
Competitive Landscape
Bitwise has a strong focus on crypto index investing but must compete with major asset managers like BlackRock and Fidelity who have significantly more AUM and brand recognition.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been rapid, driven by increasing crypto adoption. However, past performance is not indicative of future results.
Future Projections: Future growth is projected to be strong, but highly dependent on the continued adoption of cryptocurrencies and the regulatory environment.
Recent Initiatives: Recent initiatives include launching new ETFs (BITB), expanding partnerships with institutional investors, and growing assets under management.
Summary
Bitwise Funds Trust is a promising player in the cryptocurrency investment space, benefiting from early mover advantage and a focused product line. However, it faces stiff competition from larger, established financial institutions and is highly dependent on the volatile crypto market. Regulatory uncertainty and security risks also present significant challenges. While they have launched new ETFs and are growing, their smaller AUM compared to bigger competitors must be accounted for.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Bitwiseassetmanagement.com
- SEC Filings
- ETF.com
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Cryptocurrency investments are highly speculative and can result in significant losses.
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
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date 2025-04-03 | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund manager seeks to achieve these investment objectives through the use of a synthetic covered call strategy. The manager seeks to provide its synthetic exposure to the price return of COIN through the purchase and sale of a combination of call and put option contracts that utilize COIN as the reference asset. The fund is non-diversified.
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