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Dividend Vision

BTCW ETF — WisdomTree Bitcoin Fund

WisdomTree Bitcoin Fund (BTCW)

Updated October 16, 2026.

BTCW is an ETF. its expense ratio is 0.25%. Total return is 74.6% over the past 2.8 years, 9.1 points ahead of SPY at 65.5%.

WisdomTree Bitcoin Fund is an exchange-traded fund that provides direct exposure to bitcoin by holding the cryptocurrency and valuing shares daily based on the CME CF Bitcoin Reference Rate. The fund has a modest asset base and carries an expense ratio of 0.25%, with no distributions to shareholders. This fund appeals to investors seeking straightforward bitcoin exposure through a traditional ETF wrapper rather than through direct cryptocurrency ownership or other investment vehicles.

BTCW holdings and sector exposure

Holdings are not available for this snapshot.

BTCW performance versus SPY

Price and return data through 2026-10-16.

Total return is 74.6% over the past 2.8 years, 9.1 points ahead of SPY at 65.5%. Over the past year its total return — price change plus distributions reinvested — is -24.8%. Its deepest 1-year drawdown was 49.1%.

WindowTotal returnCAGR
1M7.3%—
3M26.9%—
6M7.9%—
YTD-7.1%—
1Y-24.8%—
2Y CAGR—9.40%
Since inception (2.8 years)74.6%22.40%

BTCW key facts

Issuer
WisdomTree
Asset type
ETF
Asset class
Currency
Inception date
01/08/2024
Expense ratio
0.25%
Distribution frequency
None
Last close
$86.12 (as of 2026-10-16)
AUM
$175,683,995
Average volume
35276.0
Beta
1.8817

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: WisdomTree; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTCW risks and drawbacks

The deepest 1-year drawdown on record here is 49.1%.

Who may consider BTCW — and who may not

It is a weaker fit for investors who need monthly cash flow (BTCW does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on BTCW

Tagged: Bitcoin, Crypto.

Frequently asked questions

Does BTCW pay monthly?

No. BTCW does not currently distribute.

What is BTCW's expense ratio?

BTCW's expense ratio is 0.25%.

When does BTCW pay a dividend?

BTCW does not currently distribute.

How has BTCW performed?

Total return is 74.6% over the past 2.8 years, 9.1 points ahead of SPY at 65.5%. Over the past year its total return — price change plus distributions reinvested — is -24.8%. Its deepest 1-year drawdown was 49.1%.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.