Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETFBitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETFBitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF

Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF

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Key stats

Assets under management (AUM)
‪9.81 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
4.06%
Discount/Premium to NAV
−1.3%

About Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF

Issuer
Bitwise Asset Management, Inc.
Brand
Bitwise
Expense ratio
0.90%
Inception date
Oct 2, 2023
Index tracked
No Underlying Index
Management style
Active
BTOP is designed to provide exposure to the two most well-known digital assets, bitcoin and ether. It does so by equally investing in cash-settled, front-month CME bitcoin and ether futures contracts while also considering back-month contracts. Both cryptocurrencies are split into a 50-50 allocation and will be rebalanced quarterly. The fund will roll the contracts monthly, as they near expiration, which may also lead to a higher-than-normal portfolio turnover. Note that this investment is exclusively through a wholly-owned subsidiary organized under the laws of the Cayman Islands and is capped at 25% at each quarter end. To provide liquidity and collateral, up to 75% of the remaining assets of the fund will be invested in money market instruments. It may also utilize reverse repurchase agreements in maintaining the desired level of exposure to assets. The bitcoin and ether future contracts are cash settled based upon the CME CF Bitcoin-Dollar Reference Rate and CME CF Ether-Dollar Reference Rate, respectively.

Classification

Asset Class
Currency
Category
Basket
Focus
Long cryptocurrency basket, short USD
Niche
Derivative
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Bonds, Cash & Other100.00%
Government52.67%
Mutual fund47.33%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy