# HBTC (Fortuna Hedged Bitcoin ETF)

Fortuna · Crypto ETFs · data as of Oct 20, 2026

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

## Key facts

- HBTC, total return, 1 year: −21.1%, as of Oct 20, 2026.
- HBTC, bitcoin over the same days: −25.6%, as of Oct 20, 2026.
- HBTC, difference against Bitcoin, compounded: +6.1%, as of Oct 20, 2026.
- HBTC, days it has traded: 400, as of Oct 20, 2026.
- HBTC, net assets: $775,015 (SEC N-PORT, whole fund, as filed for May 31, 2026).
- HBTC, expense ratio: 1.97% (497 XBRL).

## HBTC over each window to Oct 20, 2026

| Window | Total return | Bitcoin | Difference, percentage points |
| --- | --- | --- | --- |
| 1 month | 0.0% | +1.6% | −1.6 pts |
| 3 months | +15.0% | +24.2% | −7.4% of its growth |
| 6 months | +5.6% | +10.0% | −4.3 pts |
| Year to date | −6.0% | −5.7% | −0.3 pts |
| 1 year | −21.1% | −25.6% | +6.1% of its growth |
| Since launch | −4.7% | −3.5% | −1.2 pts |
| Since launch, annualised | −3.0% | – | – |

## HBTC key stats

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

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sponsor | Fortuna | ETFIQ |
| Holds | options on Bitcoin | ETFIQ |
| Measured against | Bitcoin at 4pm New York, the coin it reaches | ETFIQ |
| Cash fund | 49.2% of net assets | N-PORT, May 31, 2026 |
| Derivatives | 5.3% of net assets | N-PORT, May 31, 2026 |
| Other assets less other liabilities | 45.6% of net assets, from the filing’s own totals | N-PORT, May 31, 2026 |
| Expense ratio | 1.97% | 497 XBRL |
| Net assets | $775,015 | SEC N-PORT, whole fund, as filed for May 31, 2026 |
| Staking | the chain has none, so no fund holding it can pay a staking yield | ETFIQ |
| First traded | Mar 19, 2025 | ETFIQ |
| Days traded | 400 | ETFIQ |
| Days it closed unchanged | 0 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |
| Price | $21.4787 | ETFIQ |

## Money in and out, to May 31, 2026

Monthly figures only. May 2026: $0, from SEC Form N-PORT.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/hbtc.json>. Method: https://etfiq.com/methodology/flows

## Questions

### 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.


## Cite this page

ETFIQ, HBTC, crypto ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/hbtc
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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