(BITS) Blockchain & Bitcoin - Overview
Etf: Blockchain Stocks, Bitcoin Futures
Dividends
| Dividend Yield | 22.74% |
| Yield on Cost 5y | 22.96% |
| Yield CAGR 5y | 148.99% |
| Payout Consistency | 70.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 88.8% |
| Relative Tail Risk | -3.41% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.26 |
| Alpha | -20.05 |
| Character TTM | |
|---|---|
| Beta | 1.642 |
| Beta Downside | 1.257 |
| Drawdowns 3y | |
|---|---|
| Max DD | 47.81% |
| CAGR/Max DD | 1.22 |
Description: BITS Blockchain & Bitcoin December 30, 2025
The Global X Blockchain & Bitcoin Strategy ETF (NASDAQ: BITS) is an actively managed, non-diversified fund that allocates at least 80 % of its net assets (plus any borrowing) to equity securities of U.S. and non-U.S. blockchain-related companies and to long positions in U.S.-listed Bitcoin futures contracts.
As of the most recent quarterly filing (Q3 2024), BITS held roughly 45 % of its assets in Bitcoin futures (primarily CME contracts) and the remaining equity exposure was concentrated in a handful of large-cap blockchain enablers-e.g., Nvidia (≈12 % of assets), Block, Inc. (≈9 %) and PayPal (≈7 %). The fund’s expense ratio is 0.68 % and its assets under management have grown from $150 M at launch to about $620 M, reflecting heightened investor appetite for direct exposure to crypto-linked assets.
Key drivers of performance are (1) Bitcoin price volatility, which determines futures roll yields; (2) the broader adoption of blockchain infrastructure, measured by total market cap of public blockchain firms (≈$1.2 T in early 2025, up ~30 % YoY); and (3) regulatory developments in the U.S. and EU that can shift capital flows into or out of crypto-related equities. Conversely, the fund’s non-diversified nature creates concentration risk, and the reliance on futures subjects investors to contango/ backwardation dynamics that can erode returns in low-volatility periods.
For a deeper, data-driven assessment of BITS’ risk-adjusted return profile and how it fits into a diversified crypto-exposure strategy, you might find the analytics on ValueRay worth a quick look.
What is the price of BITS shares?
Over the past week, the price has changed by -5.77%, over one month by -15.50%, over three months by -28.89% and over the past year by +2.41%.
Is BITS a buy, sell or hold?
What are the forecasts/targets for the BITS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 111.4 | 90% |
BITS Fundamental Data Overview February 10, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 25.7m USD (25.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 25.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 25.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 11.96% (E(25.7m)/V(25.7m) * Re(11.96%) + (debt-free company))
Discount Rate = 11.96% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)