By investing in the regulated bitcoin futures market, BTRN offers a novel and transparent way of gaining exposure to bitcoin futures, without the need for self-custody.
BTRN is designed to help navigate the volatility of bitcoin prices, potentially enhancing risk-adjusted performance relative to a direct investment in bitcoin or bitcoin futures.1
BTRN seeks to mitigate the severity and extent of drawdowns by dynamically allocating between bitcoin futures and short-term treasuries, based on signal developed by CoinDesk Indices.
1Bitcoin-related investments may experience price volatility, potentially declining without warning, including to zero
Trading Details |
Distributions |
NAV | $39.35 | Daily Change | $0.41 | 1.05% |
Market Price | $39.34 | Daily Change | $0.43 | 1.11% |
Fund NAV | Market Price | Index | |
---|---|---|---|
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | 44.86% | 44.58% | 46.69% |
Since Inception | 16.21% | 16.07% | 19.08% |
Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
---|---|---|---|---|---|---|---|---|
47.05 | BTCU5 Curncy | CME BITCOIN FUT SEP25 | 586,325.00 | 6.00 | 3,517,950.00 | 3,517,950.00 | ||
3.61 | BMRU5 Curncy | CME MICRO BITCOIN SEP25 | 11,726.50 | 23.00 | 269,709.50 | 269,709.50 | ||
CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.25 | 51,760.00 | 5,188,940.00 | 69.40 | ||
B 10/23/25 | BN2RKB0 | 1.00 | 600,000.00 | 597,413.62 | 7.99 | |||
B 10/02/25 | BL54JX9 | 1.00 | 500,000.00 | 499,019.91 | 6.67 | |||
B 01/06/26 | BSQPNY9 | 0.99 | 500,000.00 | 493,943.25 | 6.61 | |||
B 10/09/25 | BRF3QJ3 | 1.00 | 400,000.00 | 398,902.13 | 5.34 | |||
CASH | 1.00 | 301,350.50 | 301,350.50 | 4.03 |
Holdings are subject to change. "Cash" denotes U.S. dollars.