# BTRN (Global X Bitcoin Trend Strategy ETF)

Global X · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, BTRN fell 51% as much as the index.

## Key facts

- BTRN, correlation with the S&P 500: +0.21, as of Sep 18, 2026.
- BTRN, beta to the S&P 500: +0.31, as of Sep 18, 2026.
- BTRN, down-week capture: 51.2%, as of Sep 18, 2026.
- BTRN, against T-bills, 52 weeks: −15.8 pts, as of Sep 18, 2026.
- BTRN, net assets: $2m (SEC N-PORT, whole fund, as filed for Apr 30, 2026).
- BTRN, expense ratio: 0.95% (485BPOS XBRL, Feb 26, 2026).

## BTRN over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +7.5% | +2.3% | +5.3 pts |
| 6 months | −0.7% | +18.0% | −18.8 pts |
| 1 year | −13.9% | +16.6% | −30.5 pts |
| Since it listed | +7.3% | +50.2% | −42.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | Global X | ETFIQ |
| Strategy | Managed futures | ETFIQ, from its prospectus |
| Expense ratio | 0.95% | 485BPOS XBRL, Feb 26, 2026 |
| Net assets | $2m | SEC N-PORT, whole fund, as filed for Apr 30, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| BTRN in those weeks, on average | −0.64% | ETFIQ |
| BTRN total return over those weeks | −12.2% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Mar 21, 2024 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does BTRN move with the S&P 500?

Over the year to Sep 18, 2026, BTRN’s weekly returns had a correlation of +0.21 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.31, so for each 1% the index moved it moved about 0.31% the same way.

### What did BTRN do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks BTRN fell 0.64% on average, a down-week capture of 51.2%.

### Did BTRN earn more than cash?

Over the same 52 weeks BTRN returned −12.2% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. BTRN finished 15.8 percentage points behind it.

### What does BTRN cost?

The prospectus expense ratio is 0.95% a year.

### Why is BTRN listed as managed futures?

ETFIQ files each fund by what its own prospectus says it does, and BTRN’s, filed Feb 26, 2026, describes a managed futures fund.


## Cite this page

ETFIQ, BTRN, data as of Sep 18, 2026. https://etfiq.com/funds/btrn
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/btrn  ·  JSON: https://etfiq.com/funds/btrn.json