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Bitwise Funds Trust (IMST)
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Upturn Advisory Summary
10/15/2025: IMST (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 -6.52% | Avg. Invested days 14 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
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 33.76 - 54.08 | Updated Date 04/15/2025 |
52 Weeks Range 33.76 - 54.08 | 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 launched Bitwise Funds Trust. They are known for their focus on cryptocurrency investment products.
Core Business Areas
- Segment Name: Crypto Index Funds: Offers investment products that track the performance of a basket of cryptocurrencies, providing diversified exposure to the crypto market.
- Segment Name: Single-Asset Funds: Provides investment vehicles focused on specific cryptocurrencies, such as Bitcoin and Ethereum, allowing investors to target individual assets.
Leadership and Structure
Bitwise is led by a team of experienced professionals in finance and technology. Hunter Horsley is the CEO. The organization has a typical asset management firm structure with portfolio managers, research analysts, and operations staff.
Top Products and Market Share
Key Offerings
- Product Name: Bitwise Bitcoin ETF (BITB): Aims to provide investors with exposure to Bitcoin through a regulated exchange-traded fund. Market share is growing as new Bitcoin ETFs enter the market; precise figures are dynamic. Competitors: BlackRock's IBIT, Grayscale's GBTC, Fidelity's FBTC, ARK 21Shares' ARKB. The combined AUM of Bitcoin ETFs is constantly changing due to inflows and outflows as well as fluctuating prices of the underlying asset Bitcoin.
- Product Name: Bitwise Ethereum ETF (in proposal): A proposed ETF to track the price of Ethereum. Market share is dependent on regulatory approval. Competitors: Similar ETFs from BlackRock, Fidelity, and other issuers will compete if approved.
Market Dynamics
Industry Overview
The cryptocurrency investment product industry is rapidly evolving with increasing institutional and retail investor interest. The regulatory landscape is also developing.
Positioning
Bitwise positions itself as a leader in providing well-researched and professionally managed crypto investment products, especially ETFs. Their competitive advantage lies in their early focus on this niche and their specialized expertise in digital assets.
Total Addressable Market (TAM)
The total addressable market for cryptocurrency investment products is estimated to be in the trillions of dollars. Bitwise is positioned to capture a significant portion as the market matures and becomes more regulated.
Upturn SWOT Analysis
Strengths
- Early mover advantage in crypto investment products
- Expertise in digital assets
- Strong brand recognition in the crypto community
- Experienced management team
- Well-structured ETF products
Weaknesses
- Reliance on the volatile cryptocurrency market
- Relatively smaller AUM compared to traditional asset managers
- Limited diversification outside of crypto
- Subject to regulatory uncertainties
Opportunities
- Growing institutional adoption of cryptocurrencies
- Expansion of product offerings into new digital asset classes
- Partnerships with traditional financial institutions
- Increased regulatory clarity
- International expansion
Threats
- Increased competition from established asset managers
- Regulatory hurdles and potential bans on cryptocurrencies
- Market volatility and potential crypto crashes
- Cybersecurity risks
- Negative media sentiment
Competitors and Market Share
Key Competitors
- GBTC
- IBIT
- FBTC
- ARKB
Competitive Landscape
Bitwise's advantage lies in being a crypto-native firm with specialized expertise. Disadvantages include lower AUM and brand recognition compared to traditional giants like BlackRock and Fidelity.
Growth Trajectory and Initiatives
Historical Growth: Bitwise has experienced significant growth in assets under management as cryptocurrency interest has increased. The launch of spot Bitcoin ETFs has further fueled this growth.
Future Projections: Future growth is expected to be driven by continued adoption of crypto ETFs, expansion into new digital asset classes, and increasing regulatory clarity.
Recent Initiatives: Recent initiatives include the launch of the Bitcoin ETF (BITB) and the application for other crypto ETFs. They are focusing on educating investors about the benefits of digital asset investments.
Summary
Bitwise Funds Trust is a key player in the cryptocurrency investment product space. Their specialized knowledge and early mover advantage position them well for future growth. They face intense competition from larger asset managers and the volatile nature of the crypto market presents risks. Regulatory hurdles remain a significant challenge and opportunity to overcome.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Bitwise Asset Management website
- SEC filings
- ETF.com
- CoinMarketCap
- Bloomberg
- Yahoo Finance
Disclaimers:
Data is based on publicly available information and analyst estimates. Market share data is approximate and subject to change. Cryptocurrency investments are highly speculative and involve significant risks.
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 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 MSTR through the purchase and sale of a combination of call and put option contracts that utilize MSTR as the reference asset. The fund is non-diversified.
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