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ETFs

Bitwise Bitcoin Strategy Optimum Roll ETF

BITC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 20 2023
Expense Ratio
0.85%
Type
Global Cryptocurrency
Fund Owner
Bitwise
Volume (1m avg. daily)
$20,169
AUM
$585,275
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 09/19/23
TREASURY BILL
58.91%
n/a
CASH
41.09%
n/a
Derivatives offset
-7.40%
Invest with BITC

What is BITC?

BITC is a new type of bitcoin-linked ETF designed specifically for long-term investors. The fund provides directional exposure to bitcoin via regulated futures contracts and seeks to maximize potential roll returns through a selective analysis of bitcoin futures beyond front- or near-month contracts. The fund does not invest directly in bitcoin.

ETFs related toBITC

ETFs correlated to BITC include BTF, BITO, BLOK

BITC
Bitwise Funds Trust - Bitwise Bitcoin Strategy Optimum Roll ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
WTMF
WisdomTree Trust - WisdomTree Managed Futures Strategy Fund
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
KORU
Direxion Shares ETF Trust - Direxion Daily South Korea Bull 3X Shares
EWY
BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBITC

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BITC using Composer

FAQ

BITC is a Global Cryptocurrency ETF. BITC is a new type of bitcoin-linked ETF designed specifically for long-term investors. The fund provides directional exposure to bitcoin via regulated futures contracts and seeks to maximize potential roll returns through a selective analysis of bitcoin futures beyond front- or near-month contracts. The fund does not invest directly in bitcoin.

Yes, BITC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BITC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BITC is -0.051%. This is the percent change in the value of BITC over the most recent 1-month period. The 3-month return on BITC is %. This is the percent change in the value of BITC over the most recent 3-month period.

ETFs similar to BITC include PSK, PFF, and PGX.

ETFs correlated to BITC include BTF, BITO, and BLOK.

ETFs that are inversely correlated to BITC include BITI, HIBS, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.