What this ETF is trying to do

The Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BITC) uses a rotation strategy. This means it moves its investments between different assets, such as Bitcoin, Ethereum, and U.S. Treasuries, based on market trends.

What the numbers show

As of October 9, 2026, the share price is $37.59.

When looking at performance, it is important to distinguish between price return (the change in share price) and total return (which includes distributions).

• Year-to-Date (YTD): Both the price return and total return are 3.11%.

• One Year: The price return was -16.76%, while the total return was -13.96%.

• Three Year: The price return was 52.95%, and the total return was 138.33%.

To put the one-year price change in perspective, the estimated price from roughly one year ago was $45.16. If an investor had put $10,000 into the shares a year ago, the value of those shares alone would be worth approximately $8,323.80 today.

Income and distribution explanation

This ETF has a distribution yield of approximately 3.26%. Over the last 12 months, it has made one payout totaling $1.23 per share. The distribution frequency is listed as irregular or less frequent.

It is important for beginners to remember that a high distribution yield alone can be misleading. Cash distributions provide income, but they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the underlying value of an ETF's assets declines over time. StockValueFinder uses an erosion-risk score to measure this.

BITC has an erosion score of 55, which is labeled as "moderate price erosion." This is a measurement of risk rather than proof that the fund's value has collapsed.

Top Holdings

As of October 7, 2026, the ETF held one asset:

• DWS Government Money Market Series Instl (ICAXX): 13.7%

Pros

• The three-year total return shows significant growth at 138.33%.

• The ETF provides some cash income through distributions.

Cons

• The one-year price return shows a decline of 16.76%.

• It has a "moderate" erosion-risk score.

• Distributions are irregular and not frequent.

Beginner takeaway

BITC is a strategy-based ETF that rotates between crypto-related assets and treasuries. While it has shown strong total returns over three years, it has seen a share-price decline over the last year. Investors should look at both the price return and the total return to understand how the fund is performing.