(BTIC) Physical Bitcoin ETN EUR - Overview
Etf: Bitcoin, Tracker, Euro, ETN
| Risk 5d forecast | |
|---|---|
| Volatility | 49.2% |
| Relative Tail Risk | -6.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.09 |
| Alpha | -48.18 |
| Character TTM | |
|---|---|
| Beta | 0.492 |
| Beta Downside | 0.409 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.10% |
| CAGR/Max DD | 0.80 |
Description: BTIC Physical Bitcoin ETN EUR January 17, 2026
Invesco Physical Bitcoin ETN EUR (XETRA: BTIC) is a Germany-registered exchange-traded note that provides investors with direct exposure to the spot price of Bitcoin. It trades under the ticker BTIC and is classified in the “Digital Assets” ETF category.
Key metrics (as of early 2026) that are not listed in the brief description but are relevant for valuation: the annual expense ratio is roughly 0.85 % p.a., total assets under management are estimated at around €180 million, and the product tracks Bitcoin on a “physically-backed” basis, resulting in a tracking error that typically stays below 0.2 % over a 30-day rolling window. The primary economic drivers are Bitcoin’s price volatility, EU regulatory developments (e.g., MiCA), and broader institutional adoption of crypto assets, all of which can materially affect BTIC’s liquidity and pricing efficiency.
If you want a data-rich, risk-adjusted performance breakdown for BTIC, the ValueRay platform provides an up-to-date dashboard that can help you test the assumptions behind these figures.
What is the price of BTIC shares?
Over the past week, the price has changed by -13.98%, over one month by -25.63%, over three months by -36.60% and over the past year by -38.76%.
Is BTIC a buy, sell or hold?
What are the forecasts/targets for the BTIC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 61.3 | 9.2% |
BTIC Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 345.4m EUR (345.4m + (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 345.4m)
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 345.4m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
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 = 7.73% (E(345.4m)/V(345.4m) * Re(7.73%) + (debt-free company))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)