At a glance
BTC charges 0.15% a year, below the 0.38% average of the 7 funds most like it (the 2nd cheapest of 8). It has $3.19B in assets, the 4th largest of that group. Over the past year it returned −29.9% with distributions reinvested (S&P 500: +11.5%), the best of those 8 funds.
Price history
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BTC -29.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
Volatility (1 year)45.4%annualized; the S&P 500 is usually 15–20%
Worst drop (1 year)-49.0%3 years: -53.3% · all history: -53.3%
Beta vs S&P 5001.82moves more than the market
Sharpe ratio (1 year)-0.75return above cash per unit of risk
Since launch+9.8%a year over 2.2 years
52-week range$25.95 – $50.90
Last price $35.66 on Oct 27, 2026, 29.9% below the 52-week high · above its 200-day average ($32.82).| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BTC price data to Oct 27, 2026 | -7.9% | -29.9% | — | — | — | +9.8% |
- Over the year to Oct 27, 2026, BTC returned -29.9%, 1st of 8 among similar funds.
- Its worst full calendar year was 2025 (-7.5%); its best was 2025 (-7.5%).
- The deepest fall in its price history was 53.3% (Oct 6, 2025 to Jun 30, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -7.9% |
| 2025 | -7.5% |
| 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 | Before this security existed |
What's inside
The trust holds bitcoin directly, worth $3.19B as of Jun 30, 2026 (per its 10-Q). It does not hold stocks or bonds, so there is no holdings list.
What it really costs
- BTC charges 0.15% a year, versus an average of 0.38% for the similar funds below (2nd of 8, cheapest first).
Structure and tax notes
- Structured as a grantor trust registered under the Securities Act of 1933, not as a 1940 Act investment company, so it lacks some fund-specific investor protections.
- Holds a cryptocurrency directly. Prices can swing far more than stocks, and the fund holds no income-producing assets.
Close alternatives
Matched by other funds that hold bitcoin directly.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| BTC this fund | 0.15% | $3.19B | -29.9% | — |
| IBIT iShares Bitcoin Trust ETF | 0.25% | $43.40B | -30.4% | — |
| FBTC Fidelity Wise Origin Bitcoin Fund | 0.25% | $10.31B | -30.0% | — |
| GBTC Grayscale Bitcoin Trust ETF | 1.5% | $8.14B | -30.8% | — |
| ARKB ARK 21Shares Bitcoin ETF | 0.21% | $1.89B | -29.9% | — |
| BITB Bitwise Bitcoin ETF Trust | 0.2% | $2.13B | -30.0% | — |
| BRRR Coinshares Valkyrie Bitcoin Fund | 0% | $342.4M | -30.0% | — |
| BTCO Invesco Galaxy Bitcoin ETF | 0.25% | $315.9M | -30.0% | — |