BTOP Performance — Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF
Data updated: 2026-05-21
BTOP returned −1.55% year to date and +12.97% over one year to Mar 2026. Over one year the fund beat its Ultrashort Government Bond category average: $100 grew to $113, against $104 for the category. Volatility over the past 12 months was 43.37% a year. In the 12 months to Mar 2026 the fund took in a net $847K, and assets reached $4.25M.
BTOP Growth of $100
What $100 invested in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Government Bond category average over the same months.
| Period | BTOP | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $113 | $104 |
| Since data start (Oct 2023 – Mar 2026) | $195 | $119 |
BTOP Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.55% |
| 1 year | +12.97% |
| 3 years (annualised) | +30.75% |
BTOP Annual Returns
Calendar-year total returns of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | −1.55% |
| 2025 | −16.00% |
| 2024 | +63.77% |
| 2023 (Oct–Dec) | +44.36% |
BTOP Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.3% | +0.2% | +1.6% | — | — | — | — | — | — | — | — | — |
| 2025 | −10.9% | −9.1% | −9.6% | +2.5% | +26.0% | −8.8% | +27.5% | −0.9% | −6.8% | −11.2% | +0.2% | −7.1% |
| 2024 | −1.3% | +46.0% | +7.5% | −18.5% | +21.5% | −11.6% | +2.3% | −16.7% | +5.5% | +3.0% | +40.2% | −6.9% |
| 2023 | — | — | — | — | — | — | — | — | — | +18.5% | +9.6% | +11.1% |
BTOP Risk
Risk measures from monthly returns over Apr 2025 – Mar 2026.
- 1-year volatility (annualised): 43.37%
- Best month: +27.54% (Jul 2025)
- Worst month: −11.15% (Oct 2025)
BTOP Fund Flows
Monthly money in and out of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF, from SEC Form N-PORT.
- 12-month net flow: $847K
- 12-month gross sales (incl. reinvestments): $6.6M
- Sales ÷ redemptions: 1.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $71 | $708K | −$708K |
| Dec 2025 | $1.5M | $3.6M | −$2.1M |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $2.3M | $0 | $2.3M |
| Sep 2025 | $2.0M | $0 | $2.0M |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $77 | $771K | −$771K |
| Jun 2025 | $798K | $0 | $798K |
| May 2025 | $0 | $0 | $0 |
| Apr 2025 | $60 | $601K | −$601K |
BTOP Assets Under Management
Net assets of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $4.25M |
| 2025-12-31 | $5.04M |
| 2025-09-30 | $6.23M |
| 2025-06-30 | $4.54M |
| 2025-03-31 | $3.85M |
| 2024-12-31 | $5.26M |
| 2024-09-30 | $8.31M |
| 2024-06-30 | $9.26M |
| 2024-03-31 | $10.58M |
| 2023-12-31 | $3.41M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.