Key Takeaways
- • BITW trading at $42.82 as of February 17, 2026, down 6.95% intraday with a 52-week range of $40.66–$86.70, reflecting significant volatility in the crypto asset class over the trailing twelve months.
- • Year-to-date return of -21.68% signals meaningful pullback from earlier peaks; however, trailing one-year and three-year returns were positive at 23.68% and unspecified respectively, indicating longer-term appreciation despite current weakness.
- • Net assets under management of $738.83 million with a net asset value (NAV) of $46.05, demonstrating modest institutional and retail adoption of the indexed crypto exposure vehicle.
- • Low expense ratio of 0.75% provides cost-efficient diversified exposure to the top 10 cryptocurrencies by market capitalization, weighted and rebalanced monthly, positioning BITW as an accessible alternative to single-asset crypto ETFs.
- • Current bid-ask spread of $43.23–$43.35 with average daily volume of 54,058 shares reflects moderate liquidity; intraday volume of 102,235 shares suggests increased trading activity during the session.
Summary
Year-to-date performance has contracted 21.68%, reversing earlier gains from the trailing twelve-month period, which posted a 23.68% return. This pullback reflects broader cryptocurrency market dynamics and suggests institutional and retail investors are reassessing exposure to digital assets in early 2026. The fund maintains a net asset value of $46.05 against its current market price, with total net assets of $738.83 million under management.
BITW provides diversified exposure to the ten largest investable cryptocurrencies by market capitalization, with monthly rebalancing to maintain cap-weighted positioning. The fund's expense ratio of 0.75% (net) offers cost efficiency compared to active management alternatives or single-asset crypto ETFs. Average daily trading volume of 54,058 shares, with intraday volume of 102,235 shares on the reporting date, indicates moderate but growing liquidity, suitable for institutional position-building and tactical adjustments.
The fund's zero yield and price-driven returns make it a pure appreciation play on the cryptocurrency sector, with no income component. As a broad-based index vehicle screening for the largest crypto assets, BITW serves as a benchmark-comparable exposure mechanism for institutional portfolios seeking diversification within digital assets without concentrated single-token risk.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.