BTCWWisdomTree Bitcoin Fund
0.25%
Net expense ratio
As of 6/5/2026
1/11/2024
Inception Date
Overview
Product Description
The WisdomTree Bitcoin Fund is an exchange-traded fund* whose investment objective is to gain exposure to the price of bitcoin, less expenses and liabilities, by holding bitcoin. The Fund will generally value its shares daily using an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot exchanges.
Why BTCW?
- Gain exposure to movements in the price of bitcoin
- Use to complement exposures to traditional asset classes, like equities and bonds, with an exposure that may move differently as economic and market conditions change.
*The WisdomTree Bitcoin Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. The WisdomTree Bitcoin Fund is also not a commodity pool for purposes of the Commodity Exchange Act of 1936, as amended, and the sponsor is not subject to regulations by the Commodity Futures Trading Commission as a commodity pool operator or commodity trading advisor. The WisdomTree Bitcoin Fund’s shares are neither interests in nor obligations of the sponsor or the trustee or any of their affiliates.
The WisdomTree Bitcoin Fund has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the WisdomTree Bitcoin Fund has filed with the SEC for more complete information about the WisdomTree Bitcoin Fund and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the WisdomTree Bitcoin Fund will arrange to send you the prospectus if you request it by calling toll free at 1-866-909-9473.
Bitcoin and, accordingly, the WisdomTree Bitcoin Fund, which holds bitcoin, are highly speculative and involve a high degree of risk, including the potential for loss of the entire investment. An investment in the WisdomTree Bitcoin Fund involves significant risks (including the potential for quick, large losses) and may not be suitable for all shareholders. See our Important Risk Information for more details.
Fund Overview
| Product Overview | As of 6/5/2026 |
|---|---|
| Expense Ratio | 0.25% |
| CUSIP | 97720F101 |
| Total Assets (000) | $133,722.27 |
| Shares Outstanding | 2,120,000 |
| Options Available* | No |
| Inception Date | 1/11/2024 |
| Fiscal Year End | 12/31 |
| Trading Information | As of 6/5/2026 |
|---|---|
| Lead Market Maker | Flow Traders |
| NAV Symbol | BTCW.NV |
| Shares Out. Symbol | BTCW.SO |
Net Asset Value
| Net Asset Value | As of 6/5/2026 |
|---|---|
| NAV | $63.077 |
| Change | -$4.291 |
| Change % | -6.37% |
| Premium/Discount to NAV | 0.965% |
Closing Market Price
| Closing Market Value | As of 6/5/2026 |
|---|---|
| Closing Market Price | $63.691 |
| Change | -$3.519 |
| Change % | -5.24% |
| Median Bid/Ask Spread (30-Day Avg.) | 0.12% |
| Trading Volume (Daily) | N/A |
Growth of Hypothetical 10K
Results are not indicative of future performance.
Total Returns
Month End Performance (4/30/2026)
| Cumulative | 1 Month | 3 Month | YTD | Since Inception* | |
|---|---|---|---|---|---|
| NAV Returns | 12.65% | -8.85% | -12.55% | 65.88% | |
| Market Price Returns | 12.70% | -8.92% | -12.81% | 65.84% | |
| Average Annual | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception* |
| NAV Returns | -18.91% | N/A | N/A | N/A | 24.56% |
| Market Price Returns | -19.00% | N/A | N/A | N/A | 24.55% |
Quarter End Performance (3/31/2026)
| Cumulative | Since Inception* | ||||
|---|---|---|---|---|---|
| NAV Returns | 47.26% | ||||
| Market Price Returns | 47.16% | ||||
| Average Annual | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception* |
| NAV Returns | -18.47% | N/A | N/A | N/A | 19.03% |
| Market Price Returns | -17.86% | N/A | N/A | N/A | 18.99% |
*Fund inception Date 1/11/2024
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After Tax Returns
Month End Performance 4/30/2026
| Cumulative | 1 Month | 3 Month | Since Inception* | ||
|---|---|---|---|---|---|
| After Tax Held | 12.65% | -8.85% | 65.88% | ||
| After Tax Sold | 7.49% | -5.24% | 50.20% | ||
| Average Annual | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception* |
| After Tax Held | -18.91% | N/A | N/A | N/A | 24.56% |
| After Tax Sold | -11.19% | N/A | N/A | N/A | 19.31% |
Quarter End Performance 3/31/2026
| Cumulative | Since Inception* | ||||
|---|---|---|---|---|---|
| After Tax Held | 47.26% | ||||
| After Tax Sold | 36.01% | ||||
| Average Annual | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception* |
| After Tax Held | -18.47% | N/A | N/A | N/A | 19.03% |
| After Tax Sold | -10.93% | N/A | N/A | N/A | 14.85% |
*Fund inception Date 1/11/2024
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After-Tax Held Returns represent return on Fund shares after taxes on distributions and assumes Fund shares have not been sold. After-Tax Sold Returns represent returns on Fund shares after taxes on distributions and the sale of the Fund shares.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's individual tax rates and may differ from those shown.
In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of fund shares at the end of the measurement period.
Country Allocation
| Country | Weight (%) |
|---|---|
| Unknown | 100.00% |
Holdings
As of 6/5/2026
| Name | Weight (%) |
|---|---|
| BITCOIN | 100 |
| Remaining Portfolio | 0 |
*Holdings are subject to change without notice.
Thought Leadership
Christopher Gannatti, CFA, Dovile Silenskyte
Two Monetary Assets Walk into a Ratio
The Bitcoin-to-gold ratio sits near 15.6, well below a model-implied 21, despite a macro backdrop that typically favors Bitcoin. Christopher Gannatti & Dovile Silenskyte outline the Bitcoin in Gold (BiG) model, reframing the debate around relative value and scenario analysis rather than price predictions.
- Cryptocurrency
- Digital Assets
- Gold
Christopher Gannatti, CFA, Ryan Louvar, Dovile Silenskyte
The Year Clarity Came to Crypto
For the first time, crypto has rules that can scale. Chris Gannatti, Ryan Louvar and Dovile Silenskyte explain why 2025 marked the start of crypto’s institutional era, with regulation shifting from friction to framework.
- Digital Assets
- Cryptocurrency
Blake Heimann
Hard Money Forecasts: Bitcoin and Gold in 2030 and Beyond
As inflation lingers and debt climbs, investors are reassessing hard-money assets for their portfolios. In this piece, Blake Heimann discusses how gold and bitcoin could evolve through 2030 and beyond.
- Gold
- Digital Assets
Christopher Gannatti, CFA, Blake Heimann, Dovile Silenskyte
Bitcoin, Gold and the Hard-Money Renaissance: A Practical Playbook for Allocators
The real crypto conversation starts not with code, but with the monetary system. Christopher Gannatti, Blake Heimann and Dovile Silenskyte argue that Bitcoin’s value lies in its hard-asset credentials and outline how allocators can thoughtfully incorporate it alongside gold.
- Cryptocurrency
- Digital Assets
Documents
Collateral
Prospectus
Reports and Regulatory
- BTCW 8-K dated November 26 2024
- BTCW 10-K for the fiscal year ended December 31, 2023
- BTCW 10-K for the fiscal year ended December 31, 2024
- 2024 Grantor Trust Tax Reporting Statement
- BTCW 10-K for the fiscal year ended December 31, 2025
- BTCW 10-Q for the period ended March 31, 2026
- BTCW 10-Q for the period ended September 30, 2025
- BTCW 10-Q for the period ended June 30, 2025
- BTCW 10-Q for the period ended March 31, 2025
- BTCW 10-Q for the period ended September 30, 2024
- BTCW 10-Q for the period ended June 30, 2024
- BTCW 10-Q for the period ended March 31, 2024
- 2025 Grantor Trust Tax Reporting Statement
Important Risk Information
This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the fund's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before you invest.
Bitcoin and, accordingly, the WisdomTree Bitcoin Fund, which holds bitcoin, are highly speculative and involve a high degree of risk, including the potential for loss of the entire investment. An investment in the WisdomTree Bitcoin Fund involves significant risks (including the potential for quick, large losses) and may not be suitable for all shareholders. You should carefully consider whether your financial condition permits you to invest in the WisdomTree Bitcoin Fund and you should be willing to accept more risk than may be involved with other exchange traded products or ETFs that do not hold bitcoin.
Bitcoin Risk. Extreme volatility of trading prices that many digital assets, including bitcoin, have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value. The value of the Shares is dependent on the acceptance of digital assets, such as bitcoin, which represent a new and rapidly evolving industry. Digital assets such as bitcoin were only introduced within the past two decades, and the medium-to-long term value of the Shares is subject to a number of factors relating to the capabilities and development of blockchain technologies and to the fundamental investment characteristics of digital assets. Regulatory changes or actions may affect the value of the Shares or restrict the use of bitcoin, mining activity or the operation of the Bitcoin Network or the Digital Asset Markets in a manner that adversely affects the value of the Shares. Digital Asset Platforms may experience fraud, business failures, security failures or operational problems, which may adversely affect the value of bitcoin and, consequently, the value of the Shares.
There can be no assurance that the fund will achieve its investment objective.
An investment in the Fund carries with it the inherent risks associated with investments in bitcoin, the trading price for which have exhibited high levels of volatility and may continue to do so. Because of such volatility, Shareholders could lose all or substantially all of their investment in the Fund..
Foreside Funds Services, LLC, is the Marketing Agent for the WisdomTree Bitcoin Fund (BTCW).
Neither WisdomTree, Inc., nor its affiliates, nor Foreside Fund Services, LLC, or its affiliates provide tax advice. All references to tax matters or information provided on this site are for illustrative purposes only and should not be considered tax advice and cannot be used for the purpose of avoiding tax penalties. Investors seeking tax advice should consult an independent tax advisor.