BTOP takes a balanced approach to the two biggest assets in crypto. Crafted by the crypto experts at Bitwise, the ETF provides directional exposure to Bitcoin and Ethereum by investing equally in regulated CME futures contracts for each asset. Available in traditional brokerage accounts. The fund does not invest directly in Bitcoin or Ethereum.
Contact UsMany investors take an either/or approach to Bitcoin and Ethereum despite the distinct strengths, weaknesses, and use cases of each. BTOP provides a both/and alternative, offering equal exposure to Bitcoin and Ethereum via regulated futures contracts in a single, regulated ETF—all backed by one of the world's leading crypto specialists. The fund does not invest directly in Bitcoin or Ethereum.
Learn MoreBTOP offers directional exposure to two assets that have historically made up 60-80% of the global crypto market: Bitcoin, the original and most valuable crypto asset (by market cap); and Ethereum, the “smart-contract” platform powering NFTs, stablecoins, DeFi, and other applications.
Both Bitcoin and Ethereum have strong track records, unique investment characteristics, and significant growth potential—not to mention uncertain futures. The fund’s equal-weighting strategy lets investors avoid having to pick a winner by seeking balanced exposure to both themes.
For more than six years, Bitwise has helped leading investors understand and access crypto’s opportunities while managing its risks. We manage your investment using systems built for institutions, from custody and trading to regulation and compliance.
Data as of 11/04/2024
BTOP
$8,238,691
2.57%
ETF
0.85%
Chapman and Cutler, LLP
091748400
0.95%
Bank of New York Mellon
US0917484000
September 29, 2023
Foreside Fund Services, LLC
NYSE Arca
Bitwise Investment Manager, LLC
Bank of New York Mellon
* The total annual fund operating expenses are 0.95%. The Fund's investment adviser has contractually agreed to waive its advisory fees and/or assume as its own expense certain expenses otherwise payable by the Fund to the extent necessary to ensure that total annual fund operating expenses do not exceed 0.85% of average net daily assets until October 2, 2025.
** 30-Day SEC Yield – Reflects the dividends and interest earned during the previous month, after the deduction of the fund’s expenses. This is also referred to as the “standardized yield.” Data as of September 30, 2024.
Data as of 11/04/2024
Holdings are subject to change. Current and future holdings are subject to risk.
Data as of 11/04/2024
Data as of 11/04/2024
30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
Data as of 09/30/2024
Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-866-880-7228.
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses. Shares are subject to a 0.85% Expense Ratio that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.