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Bitwise Funds Trust (IMST)
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Upturn Advisory Summary
08/14/2025: 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.
Number of Analysts
0 Analysts rated it
Very few follow this stock; limited insights, higher-risk early 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 08/14/2025 |
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 to provide investors access to crypto asset investment vehicles. Founded in 2017, it focuses on simplifying crypto investing through structured products.
Core Business Areas
- Crypto Index Funds: Manages funds that track the performance of diversified baskets of cryptocurrencies, such as the Bitwise 10 Crypto Index Fund (BITW).
- Single Asset Funds: Offers funds focused on individual cryptocurrencies, providing targeted exposure to specific digital assets.
- Thematic Funds: Provides thematic fund which focuses on innovative segments like the crypto space.
Leadership and Structure
Bitwise is led by a team of experienced professionals in finance and technology. Hunter Horsley is the CEO. The firm operates as a registered investment advisor (RIA) with a traditional asset management structure.
Top Products and Market Share
Key Offerings
- Bitwise 10 Crypto Index Fund (BITW): Tracks the performance of the top 10 largest crypto assets weighted by market capitalization. Provides diversified exposure to the crypto market. Market share is dependent on inflows and relative performance. Competitors: Grayscale Bitcoin Trust (GBTC), iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC).
- Bitwise Bitcoin ETF (BITB): Spot Bitcoin ETF. The bitcoin ETF market has exploded since SEC approval in early 2024. Market share is in constant flux, with BITB competing with many issuers for inflows. Competitors: Grayscale Bitcoin Trust (GBTC), iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC).
Market Dynamics
Industry Overview
The crypto asset management industry is experiencing rapid growth with increased institutional and retail adoption. Demand for regulated and easily accessible investment vehicles is rising.
Positioning
Bitwise is positioned as a leading provider of crypto index funds and ETFs, focusing on innovation and investor education. They aim to bridge the gap between traditional finance and the crypto world.
Total Addressable Market (TAM)
The total addressable market for crypto asset management is estimated to be in the trillions of dollars and growing. Bitwise is positioned to capture a significant share through innovative products and market leadership.
Upturn SWOT Analysis
Strengths
- Early mover advantage in crypto asset management
- Strong brand recognition within the crypto community
- Experienced leadership team
- Innovative product development
Weaknesses
- Relatively small assets under management (AUM) compared to traditional asset managers
- Limited operating history
- Dependence on the volatile crypto market
- Regulatory uncertainty
Opportunities
- Growing institutional adoption of crypto assets
- Expansion into new crypto asset classes and investment strategies
- Partnerships with traditional financial institutions
- International expansion
Threats
- Increased competition from established asset managers
- Regulatory scrutiny and potential adverse regulations
- Market volatility and potential for significant losses
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- GBTC
- IBIT
- FBTC
- ARKB
Competitive Landscape
Bitwise benefits from its expertise in crypto, but competes fiercely with larger asset managers offering similar products. They focus on education and innovation to differentiate themselves.
Growth Trajectory and Initiatives
Historical Growth: Bitwise has experienced significant growth in AUM since its inception, driven by increasing demand for crypto asset investment products.
Future Projections: Future growth is projected to be strong, driven by continued adoption of crypto assets and expansion into new markets.
Recent Initiatives: Recent initiatives include the launch of new crypto ETFs and the expansion of its research and educational resources.
Summary
Bitwise Funds Trust is a growing player in the crypto asset management space, benefiting from early mover advantage and innovative product offerings. Its dependence on the volatile crypto market and competition from established firms are challenges. Growing institutional interest and regulatory developments present both opportunities and risks. Bitwise needs to diversify its AUM, improve on its cybersecurity posture and develop partnerships with traditional financial institutions to solidify its position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Bitwise Asset Management Website
- SEC Filings
- Industry Reports
- CoinMarketCap
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data is subject to change.
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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