HBTCOverviewDividendsFlowsCompare

HBTC Fortuna Hedged Bitcoin ETF

A registered fund holding options on Bitcoin. It trades like a share.Fortuna1.97% fee$775,015 net assets, latest filing (May 31, 2026)First traded Mar 19, 2025SEC filings ↗Dividend history

Over the year to Oct 20, 2026, HBTC lost 21.1%, against −25.6% for bitcoin.

−21.1%
Total return, 1 year
Report
−25.6%
Bitcoin over the same days
Report
+6.1%
Difference against Bitcoin, compounded
Report
400
Days it has traded
Report

No Coin Capture Score.

Why

HBTC has the figure, but its set, crypto futures and strategy ETFs with a full year, has 7 funds, under the twelve a percentile needs. A fund outside a ranked set has no score rather than a low one. All crypto ETFs ranked by it · How it is computed

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HBTC returns by window: total return, cash paid and price change
WindowTotal returnBitcoinDifference, percentage points
1M Sep 18 – Oct 20, 20260.0%+1.6%−1.6 pts
3M Jul 21 – Oct 20, 2026+15.0%+24.2%−7.4% of its growth
6M Apr 21 – Oct 20, 2026+5.6%+10.0%−4.3 pts
YTD Dec 31, 2025 – Oct 20, 2026−6.0%−5.7%−0.3 pts
1Y Oct 20, 2025 – Oct 20, 2026−21.1%−25.6%+6.1% of its growth
Since launch Mar 19, 2025 – Oct 20, 2026−4.7%−3.5%−1.2 pts
Since launch, annualised Mar 19, 2025 – Oct 20, 2026−3.0%––

Total return at closing prices, distributions reinvested. Year to date runs from the last close of the year before. Annualised is the steady yearly rate that gives the since-launch total over the same days. Not shown: 3 years, which the fund has not been listed long enough to fill (listed Mar 2025); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Last checked Oct 21, 2026. Report a data error

Money in and out

Monthly figures · as of May 31, 2026

HBTC: in the month to May 31, 2026, nothing net moved, by its SEC filing.

12 months
+$277k
31.9% of $866k on May 31, 2025
Jun 1, 2025 to May 31, 2026
monthly, from SEC filings
Since Mar 2025
+$1.1m
Mar 1, 2025 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions HBTC files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for HBTC, back to Mar 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare HBTC with other funds in the flows tool

Month by month, money in and money outMar 2025 to May 2026

HBTC, money in and money out each month from Mar 2025 to May 2026: two bars a month, money in above the line and money out below. Every bar is from HBTC’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 6 and went out in 2.

Every bar is from HBTC’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 6 and went out in 2.

MonthInOutNet
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT+$381k−$194k+$187k
Mar 2026 SEC Form N-PORT+$202k−$191k+$11k
Feb 2026 SEC Form N-PORT$0−$196k−$196k
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT+$521k−$254k+$267k
Nov 2025 SEC Form N-PORT+$279k−$264k+$14k
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT+$302k−$309k−$7k
Jul 2025 SEC Form N-PORT$0$0$0
Jun 2025 SEC Form N-PORT$0$0$0
May 2025 SEC Form N-PORT+$300k$0+$300k
Apr 2025 SEC Form N-PORT$0$0$0
Mar 2025 SEC Form N-PORT+$500k$0+$500k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report. Report a data error

HBTC key stats

52-week high, daily closes to Oct 20, 2026 (ETFIQ)$30.91 on Oct 27, 2025
52-week low, daily closes to Oct 20, 2026 (ETFIQ)$17.23 on Jun 25, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$21.4787, 31% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About HBTC

Doing it would read +4.5 pts, which is correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 106% of what holding the coin gave says exactly that. HBTC is a registered investment company: it files a monthly N-PORT rather than a 10-K.
SponsorFortuna
Holdsoptions on Bitcoin
Measured againstBitcoin at 4pm New York, the coin it reaches
Cash fund (N-PORT, May 31, 2026)49.2% of net assets
Derivatives (N-PORT, May 31, 2026)5.3% of net assets
Other assets less other liabilities (N-PORT, May 31, 2026)45.6% of net assets, from the filing’s own totals
Expense ratio (497 XBRL)1.97%Report
Net assets (SEC N-PORT, whole fund, as filed for May 31, 2026)$775,015Report
Stakingthe chain has none, so no fund holding it can pay a staking yield
First tradedMar 19, 2025
Days traded400
Days it closed unchanged0
Quotedon an exchange, every trading day
Price$21.4787
How we measure
A holder gets exposure to Bitcoin without the fund holding the coin itself. Over the year to Oct 20, 2026, Bitcoin moved −25.6% and HBTC returned −21.1%. That leaves it 6.1% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. That difference is mostly the strategy itself: what its options cost or paid, and the days it held Treasuries rather than Bitcoin, with the fee on top. It is the only figure on this page the sponsor does not publish itself.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. How these figures are computed

Questions people ask about HBTC

Does HBTC track Bitcoin?
Over the year to Oct 20, 2026 it returned −21.1% against Bitcoin’s −25.6%, which leaves it 6.1% ahead once both returns are compounded. That difference carries the fee and what the strategy did, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
Does HBTC stake?
HBTC holds options on Bitcoin rather than Bitcoin itself, so there is nothing for it to stake.
What is HBTC?
Fortuna Hedged Bitcoin ETF, a fund registered under the Investment Company Act that holds options on Bitcoin to reach Bitcoin, from Fortuna, first traded Mar 19, 2025. It files a monthly N-PORT listing what it holds.
Sources and dates
Prices, HBTC and BitcoinPrices, Tiingo end of day ↗
Fee, 1.97%Expense ratio, read from the 497 XBRL filed May 6, 2026 ↗
Net assets, $775,015SEC N-PORT, whole fund · May 31, 2026
All fund filingsFund filings on SEC EDGAR ↗
Expense ratio, read from the 497 XBRL filed May 6, 2026 ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, HBTC, crypto ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/hbtc

Open HBTC live on ETFIQ

Free to use with attribution for figures 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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HBTC: HBTC over 1 year: fund −21.07%, Bitcoin −25.57%, 6.05% ahead of Bitcoin, compounded. Figures to Oct 20, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/hbtc"><img src="https://etfiq.com/assistant/api/embed/crypto/hbtc.svg" alt="HBTC: HBTC over 1 year: fund −21.07%, Bitcoin −25.57%, 6.05% ahead of Bitcoin, compounded. Figures to Oct 20, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">HBTC: HBTC over 1 year: fund −21.07%, Bitcoin −25.57%, 6.05% ahead of Bitcoin, compounded. Figures to Oct 20, 2026. Data: <a href="https://etfiq.com/funds/hbtc">ETFIQ</a></figcaption>
</figure>

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