At a glance
BITS charges 0.65% a year, below the 0.86% average of the 7 funds most like it (the cheapest of 8). It has $23.1M in assets, the 8th largest of that group; it paid 24.26% of its price in distributions over the past 12 months, semiannual. Over the past year it returned −36.4% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds; over three years it returned +41.4% a year.
The short version
Global X Blockchain & Bitcoin Strategy ETF (BITS) is an actively managed fund that owns blockchain company stocks, mainly through the affiliated Global X Blockchain ETF, plus bitcoin futures, rather than bitcoin itself, held through a Cayman Islands subsidiary. It combines two related crypto bets for 0.65% a year. Both parts can rise and fall with bitcoin's price, and the fund swung from a 75.33% loss in 2022 to a 214.05% gain in 2023.
Price history
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BITS -36.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BITS official prospectus, to Dec 31, 2025 | — | +15.16% | — | — | — | -0.81% |
| BITS price data to Oct 27, 2026 | -6.2% | -36.4% | +41.4% | — | — | +10.0% |
- Over the year to Oct 27, 2026, BITS returned -36.4%, 8th of 8 among similar funds.
- Its worst full calendar year was 2025 (+15.2%); its best was 2023 (+214.0%).
- The deepest fall in its price history was 75.2% (Mar 28, 2022 to Dec 28, 2022), recovered by Feb 27, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -6.2% | — |
| 2025 | +15.2% | +15.16% |
| 2024 | +62.5% | +62.42% |
| 2023 | +214.0% | +214.05% |
| 2022 | — | -75.33% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Feb 11, 2022 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.1900 | |
| 2025 | $14.3000 | -27.5% |
| 2024 | $19.7200 | +171.3% |
| 2023 | $7.2700 |
What's inside
As of Jul 31, 2026, the fund held 2 securities; the ten largest made up 79.26% of assets.
| Fund held | Weight | |
|---|---|---|
| GLOBAL X BLOCKCHAIN ETF MUTUAL FUND | 46.79% | |
| GLOBAL X 1-3 MONTH T-BILL MUTUAL FUND | 32.48% |
By country
United States 79.26%By asset type
Stocks 79.26%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $4.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.12%, -19.06%, +10.80%.
How it works
BITS doesn't track an index. Its managers split assets between “Blockchain Companies” (blockchain is the ledger technology behind bitcoin) and long positions in US-listed bitcoin futures, which gain when bitcoin rises. Normally at least 80% of net assets goes to those two areas, with at least 25% in blockchain companies and futures exposure of at least 20% of total assets. Stocks come mainly through other ETFs, chiefly the passively managed Global X Blockchain ETF.
Factors behind the mix include liquidity, valuations and the “cost of carry,” the gap between futures prices and bitcoin's price. Managers may favor futures when that gap is small and stocks when valuations look attractive. As of July 31, 2026, the Global X Blockchain ETF was 46.8% of net assets, a Global X 1–3 Month T-Bill fund 32.5%, and an August 2026 bitcoin futures contract gave exposure equal to 53.2%.
The futures trade on the Chicago Mercantile Exchange and settle in cash, not bitcoin. The fund may hold them through a wholly owned Cayman Islands subsidiary, used to meet US fund tax rules and capped at 25% of total assets at each quarter-end. Futures require only a partial deposit, so exposure can exceed the cash committed. Expiring contracts are rolled into later ones, and price gaps between them can push results away from bitcoin's price.
What it really costs
- BITS charges 0.65% a year, versus an average of 0.86% for the similar funds below (1st of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $66 in the first year and $810 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BITS | $66 | $208 | $362 | $810 |
Structure and tax notes
- Uses bitcoin futures contracts rather than holding bitcoin directly. Expiring contracts must be rolled into later ones, and the price gap between them adds to or takes from returns, so over time it can drift well away from the spot price of what it tracks. Crypto prices can swing far more than stocks.
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
In a retirement portfolio
Its mix of bitcoin futures and blockchain stocks lost 75.33% in 2022 and gained 214.05% in 2023, swings that make it a high-risk add-on rather than a foundation.
BITS could add crypto exposure, but its record is short and extreme. It did not exist during the 2008 crisis or 2020 crash. In 2022, a bear market year, it lost 75.33%, its worst calendar year. Its deepest price drop, in data from February 2022, was 75.2%, from March 28 to December 28, 2022; it regained that peak by February 27, 2024, 14 months after the low. Drawing cash during that slump would have locked in steep losses.
It paid $14.23 per share in the 12 months to October 27, 2026, equal to 24.26% of its price, in twice-yearly payments, but such payouts can swing sharply. It costs 0.65% a year, or $66 in year one and $810 over 10 years per $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want bitcoin futures and blockchain stocks in one actively managed fund, with managers shifting the mix, for 0.65% a year.
- Those keeping crypto to a small side position who can tolerate drops like the 75.2% fall between March and December 2022.
- Long-horizon investors able to wait out slumps; after its December 2022 low, the fund took about 14 months to regain its earlier peak.
Look elsewhere if
- Retirees needing dependable income; the 24.26% trailing yield as of October 27, 2026, comes from semiannual payouts that can swing sharply.
- Investors wanting returns that closely track bitcoin; BITS holds blockchain stocks too, and rolling futures can pull results away from bitcoin's price.
- Anyone who may need this money within a few years; BITS fell 36.4% in the 12 months to October 27, 2026.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| BITS this fund | 0.65% | $23.1M | -36.4% | +41.4% |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
Does BITS own bitcoin directly?
No. BITS gets its bitcoin exposure through futures traded on the Chicago Mercantile Exchange, which it may hold through a wholly owned Cayman Islands subsidiary. The contracts are cash-settled, so no actual bitcoin changes hands. As of July 31, 2026, an August 2026 contract gave exposure equal to 53.2% of net assets. Futures expire and must be rolled into later contracts, and the price gap between them can add to or subtract from returns, so results can drift well away from bitcoin's own price.
What's the difference between BITS and the Global X Blockchain ETF?
BITS owns the Global X Blockchain ETF and adds bitcoin futures. The Global X Blockchain ETF is passively managed and holds blockchain company stocks; BITS is actively managed and divides its exposure between those stocks and bitcoin futures. As of July 31, 2026, the blockchain ETF made up 46.8% of BITS's net assets and bitcoin futures exposure equaled 53.2%, roughly an even split. BITS's managers can shift that balance, for example toward futures when the cost of carrying them is low.
How has BITS performed since it launched?
Unevenly, with huge swings. Its prospectus shows a 75.33% loss in 2022, then gains of 214.05% in 2023, 62.42% in 2024 and 15.16% in 2025. From its November 2021 launch through December 31, 2025, it lost an average of 0.81% a year. Based on share prices, it returned 41.4% a year over the three years to October 27, 2026, but lost 36.4% over the 12 months to that date. Volatility, a measure of how widely returns swing, was 54.8% over those 12 months.
Does BITS pay dividends?
Yes. BITS makes distributions twice a year. It paid $14.23 per share over the 12 months to October 27, 2026, equal to 24.26% of its share price at that date. That looks large, but payouts from a fund like this can swing sharply from one period to the next. A fund's share price also drops by the amount it pays out, so a high yield is not extra return by itself. In taxable accounts, distributions may create a tax bill.
What is the BITS expense ratio?
BITS, issued by Mirae Asset Global Investments, charges 0.65% a year, according to its prospectus filed February 26, 2026. In the SEC's standard example, $10,000 earning 5% a year would cost $66 over one year, $208 over three, $362 over five and $810 over 10, if the shares are redeemed at the end of each period. The fund is small, with about $23.1 million in net assets as of July 31, 2026, which can mean wider bid-ask spreads, the gap between quoted prices that adds to trading costs.