At a glance
OOQB charges 0.75% a year, above the 0.5% average of the 7 funds most like it (the 6th cheapest of 8). It has $1.1M in assets, the 8th largest of that group; it paid 10.46% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −40.2% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds.
The short version
One One Nasdaq-100 and Bitcoin ETF (OOQB), from Volatility Shares, aims to combine exposure to the Nasdaq-100 stock index and to bitcoin in a single fund. Getting both through one ticker is its main appeal. Compared with bitcoin-only ETFs, it costs more (0.75% a year versus 0.25% for IBIT), is far smaller at $1.1 million in assets, and lost more: 40.2% in the year to October 27, 2026.
Price history
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OOQB -40.2% 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 | |
|---|---|---|---|---|---|---|
| OOQB price data to Oct 27, 2026 | -18.4% | -40.2% | — | — | — | -18.5% |
- Over the year to Oct 27, 2026, OOQB returned -40.2%, 8th of 8 among similar funds.
- The deepest fall in its price history was 53.3% (Oct 6, 2025 to Mar 30, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -18.4% |
| 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 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0600 |
How it works
The fund's name states its aim: exposure to the Nasdaq-100 and to bitcoin in one ETF. The Nasdaq-100 is an index of 100 of the largest non-financial companies listed on the Nasdaq stock market. Companies are weighted mainly by market value, which is the total value of a company's shares. Volatility Shares LLC launched the fund on February 19, 2025.
How the fund builds that exposure can't be confirmed. No SEC record could be found for the OOQB ticker or the fund's name. That can mean a fund was renamed, was closed or isn't registered with the SEC. Without the prospectus, several key mechanics are unknown. It isn't clear whether the fund owns stocks and bitcoin directly or uses futures or swaps (contracts that track an asset's price). It also isn't clear how it splits money between the two, how often it rebalances, or whether the two exposures together add up to more than the money invested, which would be a form of leverage.
In the year to October 27, 2026, the fund lost 40.2%, more than each of the seven bitcoin-only funds it's compared with. Its volatility (a measure of how widely its price swings) was 45.9%. Its price showed no change over the one, three and six months to that date. That is unusual for a bitcoin-linked fund and may mean little or no trading. Reading the latest prospectus and checking the fund's status with Volatility Shares can fill these gaps.
What it really costs
- OOQB charges 0.75% a year, versus an average of 0.5% for the similar funds below (6th of 8, cheapest first).
In a retirement portfolio
It combines bitcoin and Nasdaq-100 exposure in a fund that fell as much as 53.3% and holds only $1.1 million, so any role would be small and high-risk.
As a small add-on, OOQB offers Nasdaq-100 and bitcoin exposure in one fund, but its short record is rough. Launched in February 2025, it missed the 2008, 2020 and 2022 downturns and has no full calendar year. It lost 18.4% in 2026 through October 27. Its deepest drop was 53.3%, from October 6, 2025, to March 30, 2026, with no recovery as of October 27, 2026. Selling near that low would have locked in a loss of more than half from the peak.
Quarterly payouts totaled $1.04 per share over the 12 months to October 27, 2026, a 10.46% yield. That yield is high partly because the price fell, and payouts from a fund losing value may not hold up. Its 0.75% fee is above the 0.5% bitcoin-fund average. Past results don't predict future ones, and a plan needs to look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting Nasdaq-100 and bitcoin exposure in one ticker who can accept losses like its 40.2% drop in the year to October 27, 2026.
- Those filling a small, high-risk satellite slot beside steadier core funds, given its 45.9% one-year volatility and 53.3% deepest drop.
- Investors who value quarterly payouts: it paid $1.04 per share, a 10.46% yield, in the 12 months to October 27, 2026, though amounts can vary.
Look elsewhere if
- Cost-focused investors: its 0.75% expense ratio compares with 0.15% to 0.25% at bitcoin funds BTC, BITB, ARKB, IBIT and FBTC.
- Anyone wary of tiny or rarely traded funds: it holds $1.1 million, and its price showed no change for six months to October 27, 2026.
- Retirees who may need to sell in a slump: it fell 53.3% from October 2025 to March 2026 and hadn't recovered by October 27, 2026.
Close alternatives
Matched by legacy category (no holdings report for this fund).
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| OOQB this fund | 0.75% | $1.1M | -40.2% | — |
| IBIT iShares Bitcoin Trust ETF | 0.25% | $47.80B | -30.4% | — |
| FBTC Fidelity Wise Origin Bitcoin Fund | 0.25% | $16.30B | -30.0% | — |
| GBTC Grayscale Bitcoin Trust ETF | 1.5% | $15.90B | -30.8% | — |
| ARKB ARK 21Shares Bitcoin ETF | 0.21% | $3.90B | -29.9% | — |
| BTC Grayscale Bitcoin Mini Trust ETF | 0.15% | $3.30B | -29.9% | — |
| BITB Bitwise Bitcoin ETF Trust | 0.2% | $3.20B | -30.0% | — |
| BITO ProShares Bitcoin ETF | 0.95% | $2.20B | -31.8% | +26.2% |
Questions investors ask
What does OOQB invest in?
OOQB aims to combine exposure to bitcoin and to the Nasdaq-100, an index of 100 large non-financial companies listed on Nasdaq. Volatility Shares launched it on February 19, 2025. No SEC record could be found for the ticker or the fund's name, so key details can't be confirmed. These include its largest holdings, how it splits money between the two, and whether it uses futures or swaps. The fund's prospectus is the place to check exactly what it owns.
How risky is OOQB?
Very risky, based on its short record. In the year to October 27, 2026, it lost 40.2%. Its volatility, a measure of how widely its price swings, was 45.9%. Its deepest drop was 53.3%, from October 6, 2025, to March 30, 2026, and it had not recovered as of October 27, 2026. Because it launched in February 2025, it wasn't around for the 2008, 2020 or 2022 market downturns.
Does OOQB pay dividends?
Yes, it pays distributions quarterly. Over the 12 months to October 27, 2026, it paid $1.04 per share, a yield of 10.46%. That yield looks high partly because the fund lost 40.2% over the same period, which shrinks the price the payout is measured against. Payouts can change from quarter to quarter. Year-end tax forms show whether they came from income, capital gains or a return of the investor's own capital.
What's the difference between OOQB and IBIT?
The main difference is strategy. IBIT, the iShares Bitcoin Trust ETF, is a bitcoin-only fund, while OOQB aims to pair bitcoin with Nasdaq-100 exposure. IBIT also costs less, at 0.25% a year versus 0.75%. It is far larger, with $47.8 billion in assets against OOQB's $1.1 million. Over one year, IBIT lost 28.2% through October 30, 2026, while OOQB lost 40.2% through October 27, 2026.
What is OOQB's expense ratio?
OOQB's expense ratio, the yearly fee taken out of fund assets, is 0.75%. That makes it the 6th cheapest of 8 funds in its comparison group. It is above the 0.5% group average and cheaper only than GBTC (1.5%) and BITO (0.95%). Bitcoin-only funds such as BTC (0.15%), BITB (0.20%), ARKB (0.21%), IBIT and FBTC (both 0.25%) charge much less, though they don't offer Nasdaq-100 exposure.