Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC)
Bitwise
Spot
About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Fund Details
Expense Ratio
0.90%
About The Fund
Overview
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an actively managed ETF listed on NYSE Arca, designed to provide directional exposure to bitcoin through regulated futures contracts.
Investment Strategy
Seeks to maximize roll returns by selectively investing in bitcoin futures contracts beyond front- or near-month, using a proprietary approach to optimize yield.
Holdings
Does not invest directly in bitcoin; holds cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME), along with U.S. Treasuries and cash equivalents for liquidity and collateral.
Expense Ratio
Features an expense ratio of 0.85%, with the adviser agreeing to waive fees to ensure total annual operating expenses do not exceed this until May 1, 2027.
Risk Management
Employs a long-flat trend-following strategy, rotating between 100% exposure to bitcoin futures during uptrends and U.S. Treasuries during downtrends to manage volatility.
Performance
As of July 2025, BITC has a 1-month return of 0.5% and a 3-month return of -15.61%, reflecting the volatile nature of bitcoin futures markets.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Information
| Ticker Symbol | BITC |
| Issuer | Bitwise |
| Expense Ratio | 0.90% |
| Fund Type | Spot |
| Custodian | State Street Bank and Trust Company |
| Bitcoin Only | No |
| Fund Inception | 2023-03-20 |
| Regulator | U.S. Securities and Exchange Commission (SEC) |
Investment Strategy
Bitcoin Futures
Market Performance
YTD Return
+6.92%
1 Year Return
-19.05%
Avg Volume
5,142
About Bitwise
Background
Bitwise Asset Management is a crypto-native asset manager founded in 2017, managing over $10 billion in assets.
Products
Specializes in crypto index funds and single-asset ETFs, providing institutional-grade exposure to digital assets.
Bitcoin ETFs
The Bitwise Bitcoin ETF (BITB) launched in January 2024 with a competitive 0.20% fee.
Transparency
One of the few issuers to publish on-chain proof of reserves, showing wallet addresses for full auditability.
Custody
Uses Coinbase Custody with multi-institutional backup custody arrangements.
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