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BTCW WisdomTree Bitcoin Fund

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$86.03
+1.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, BTCW lost 28.5%, against −28.3% for bitcoin.

Why did BTCW return −28.5% against Bitcoin’s −28.3%?How closely does BTCW track Bitcoin?What does BTCW cost to hold and to trade?
A spot Bitcoin trust. It holds the coin and trades like a share.WisdomTree ↗Expense ratio 0.25%Fund assets $162m on Sep 11, 2026First traded Jan 11, 2024Benchmark BitcoinFund page at the issuer ↗SEC filings ↗Every WisdomTree fund ETFIQ covers

Promise check: DeliveredOver the year to Oct 28, 2026, BTCW returned −28.5% against −28.3% for Bitcoin. Before its 0.25% fee, it finished 0.04 points behind Bitcoin.

Compare with…Trading costsPut to the committeeaskIQ about BTCWAdd to portfolioAlerts

BTCW risk and return scorecard

vs Bitcoin

Not measured: no price history kept for BTCW.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

BTCW −2.3%, Bitcoin −2.2%: total return over one month to Oct 28, 2026.
BTCW−2.3%
Bitcoin−2.2%
BTCW +28.2%, Bitcoin +28.3%: total return over three months to Oct 28, 2026.
BTCW+28.2%
Bitcoin+28.3%
BTCW +7.7%, Bitcoin +7.9%: total return over six months to Oct 28, 2026.
BTCW+7.7%
Bitcoin+7.9%
BTCW −7.2%, Bitcoin −6.9%: total return over the year to Oct 28, 2026.
BTCW−7.2%
Bitcoin−6.9%
BTCW −28.5%, Bitcoin −28.3%: total return over one year to Oct 28, 2026.
BTCW−28.5%
Bitcoin−28.3%
BTCW +74.4%, Bitcoin +76.1%: total return since launch to Oct 28, 2026.
BTCW+74.4%
Bitcoin+76.1%
askIQ: why did BTCW return −28.5% against Bitcoin’s −28.3%? ↗

Did it track the coin?

Spot Bitcoin
−28.5%
Total return, 1 year
Report
−28.3%
Bitcoin over the same days
Report
−0.2 pts
Difference against Bitcoin, in percentage points
Report
702
Days it has traded
Report
askIQ: how closely does BTCW track Bitcoin? ↗

More on BTCW

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Price, 1 year

$86.03+1.0%1 day, priceClose, Oct 28, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Last checked Oct 28, 2026. Report a data error

BTCW returns by window: total return, cash paid and price change
WindowTotal returnBitcoinDifference, percentage points
1M Sep 28 – Oct 28, 2026−2.3%−2.2%−0.1 pts
3M Jul 29 – Oct 28, 2026+28.2%+28.3%−0.1 pts
6M Apr 29 – Oct 28, 2026+7.7%+7.9%−0.2 pts
YTD Dec 31, 2025 – Oct 28, 2026−7.2%−6.9%−0.3 pts
1Y Oct 28, 2025 – Oct 28, 2026−28.5%−28.3%−0.2 pts
Since launch Jan 11, 2024 – Oct 28, 2026+74.4%+76.1%−1.7 pts
Since launch, annualised Jan 11, 2024 – Oct 28, 2026+22.0%––

Total returns, distributions reinvested. Listed Jan 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where every fund in this set sits

How much of what holding the coin gave did a holder of the fund keep?

Share of the coin's growth it kept
LTCN 89.0%GBTC 98.6%ETHE 99.1%HBR 99.1%LTCC 99.1%ETHA 99.6%ETHV 99.6%QETH 99.6%BRRR 99.7%, and 10 more at this point: BTCO 99.7%, EZBC 99.7%, FBTC 99.7%, FETH 99.7%, ARKB 99.8%, BITB 99.8%, EZET 99.8%, IBIT 99.8%, BTC 99.9%, ETHW 99.9%HODL 100.0%TETH 100.5%ETH 101.7%OBTC 105.0%BSOL 105.9%GXLM 152.3%BTCW 99.7%BTCW 99.7%89.0%152.3%
89.0% to 152.3% across 26

That is the share of the 26 spot crypto trusts with a full year sitting at or below BTCW.

Share of the coin's own price growth a holder kept; funds on different coins are ranked together. Where the fund sits in this set, not a rating. Do not average it with another category's score.

40.4
IQ Crypto ScoreETFIQ Coin Capture Score16th of 26 · Oct 28, 2026
1.9 · lowest of 26 spot crypto trusts with a full year98.1 · highest

How much of its coin's move it captured, after costs, ranked against 26 spot crypto trusts with a full year. 100 is best. How it is computed

BTCW kept 99.7% of what holding Bitcoin gave over the same days.

share of the coin's growth it kept99.7% · 40th pct
All 26 ranked by this score →

BTCW key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$117.07 on Oct 29, 2025
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$62.00 on Jun 30, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$86.03, 44% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)1.00, against bitcoin
R-squared, the same days (ETFIQ)1.00
Beta and R-squared measured over251 daily total returns, Oct 29, 2025 to Oct 28, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Sep 11, 2026
Trading · BTCWas of Sep 11, 2026
·
Not scored0 of 6 measured · Sep 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Sep 11 close+0.05%
−0.1%95% of days within ±0.05% · the 1% band is off this scale+0.1%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

About BTCW

SponsorWisdomTree
HoldsBitcoinReport
Sponsor’s fee (10-Q)0.25%
Fee waiverthe whole fee. The filing gives no end date.
Net assets (issuer page, as of Sep 11, 2026)$162mReport
Stakingthe chain has none, so no fund holding it can pay a staking yield
First tradedJan 11, 2024
Days traded702
Days it closed unchanged2
Quotedon an exchange, every trading day
Price$86.03
Against Bitcoin, same days0.2% behind
Reports to the SEC on10-K, not N-PORT
How we measure
Over the year to Oct 28, 2026, Bitcoin moved −28.3% and BTCW returned −28.5%. That leaves it 0.21 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only number on this page the sponsor does not publish itself. BTCW charges 0.25% a year and finished 0.2% behind Bitcoin, so the fee is almost the whole of the difference. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Bitcoin it custodies.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. Method
IQ Investment Committee on BTCW

12 seats on BTCW, as of Oct 28, 2026: 1 Supports, 1 Mixed, 3 Challenges, 6 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put BTCW to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about BTCW

Does BTCW track Bitcoin?
Over the year to Oct 28, 2026 it returned −28.5% against Bitcoin’s −28.3%, which leaves it 0.21 of a percentage point behind. That difference carries the fee, the custody cost and the market’s pricing of the shares, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
Does BTCW stake?
Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield.
What is BTCW?
WisdomTree Bitcoin Fund, a spot Bitcoin trust sponsored by WisdomTree, first traded Jan 11, 2024. It holds the coin through a custodian rather than futures on it or shares in companies that own it.
Sources and dates
Prices, BTCW and BitcoinPrices, Tiingo end of day ↗
Fee, 0.25%Sponsor’s fee, read from the 10-Q filed Aug 12, 2026 ↗
Net assets, $162mIssuer page · Sep 11, 2026
All fund filingsFilings on SEC EDGAR ↗
IssuerWisdomTree page for BTCW ↗
Sponsor’s fee, read from the 10-Q filed Aug 12, 2026 ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, BTCW, crypto ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/btcw

The tracking bar for BTCW, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Tracking difference
The fund’s total return minus the coin’s over exactly the same days, in percentage points. The fee, the custody cost, the creation and redemption friction and whatever the market paid for the shares, all of it, in one number.
Spot
The fund holds the coin itself, through a custodian, rather than futures on it or shares in companies that own it. Only spot funds are in this category; the others are measured where they belong.
Sponsor
Who runs the fund. Most spot crypto ETFs are 1933 Act trusts rather than registered investment companies, so they have a sponsor rather than an adviser, and file a 10-K rather than an N-PORT.
Thinly quoted
A fund whose price sat unchanged on more than one trading day in twenty. Its quoted return is what somebody paid on the days anyone traded, which is not the same thing as what the fund did, so ETFIQ shows it and does not rank it against funds that trade.
Staking
Only proof of stake coins can be staked, so it exists for ether and Solana funds and cannot exist for a bitcoin one. Where a fund stakes, the yield and the sponsor’s share of it are terms in its own filings.
Full definitions: crypto ETFs vocabulary page. →
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BTCW: BTCW over 1 year: fund −28.50%, Bitcoin −28.30%, 0.21 pts behind Bitcoin. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/btcw"><img src="https://etfiq.com/assistant/api/embed/crypto/btcw.svg" alt="BTCW: BTCW over 1 year: fund −28.50%, Bitcoin −28.30%, 0.21 pts behind Bitcoin. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">BTCW: BTCW over 1 year: fund −28.50%, Bitcoin −28.30%, 0.21 pts behind Bitcoin. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/btcw">ETFIQ</a></figcaption>
</figure>

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