Analyzing Market Performance: A Monthly Tracker of Bitcoin ETF

Bitcoin ETFs are causing a stir in the financial world right now, as the US Securities and Exchange Commission (SEC) has recently approved approximately 11 Bitcoin Spot ETFs. This includes ETFs from well-known companies such as BlockRock, Fidelity, and Invesco.

In this article, we will provide a comprehensive analysis of the performance of Bitcoin ETFs this month, utilizing high-quality data sources. Our analysis will not only focus on spot ETFs but also extend to Bitcoin Futures ETFs. Join us as we examine the trends in performance and provide a detailed overview of the current state of Bitcoin ETFs in the market.

The aim of this monthly report is to offer a clear and straightforward understanding of the latest developments in the world of Bitcoin Exchange-Traded Funds.

1. In-Depth Analysis of Bitcoin Futures ETFs
At the time of writing this report, the top players in the Bitcoin Futures ETF market, based on Asset Under Management (AUM), are ProShares Bitcoin Strategy ETF, VanEck Bitcoin Strategy ETF, Valkyrie Bitcoin and Ether Strategy ETF, Global X Blockchain & Bitcoin Strategy ETF, and Ark/21 Shares.

ProShares Bitcoin Strategy ETF leads the Bitcoin futures market with an impressive $2.28 billion AUM. VanEck Bitcoin Strategy ETF follows with $58.30 million, trailed by Valkyrie Bitcoin and Ether Strategy ETF at $38.20 million, Global X Blockchain & Bitcoin Strategy ETF at $26.10 million, and Ark/21 Shares with $8.01 million AUM.

Let’s take a deeper look at these top players using various parameters.

1.1. Bitcoin Futures ETF: A Basic Data Overview
Examining the basic data of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has a price of $19.39, a volume of 26,299,600, a 1-month average volume of 28,165,564, and an AUM of $2.28 billion. It has a total of 93.3 million shares.

VanEck Bitcoin Strategy ETF has a price of $36.79, a volume of 51,400, a 1-month average volume of 51,295, and an AUM of $58.30 million. It has a total of 1.3 million shares.

Valkyrie Bitcoin and Ether Strategy ETF has a price of $13.13, a volume of 117,400, a 1-month average volume of 141,276, and an AUM of $38.20 million. It has a total of 2.8 million shares.

Global X Blockchain & Bitcoin Strategy ETF has a price of $43.88, a volume of 3,400, a 1-month average volume of 17,100, and an AUM of $26.10 million. It has a total of 0.3 million shares.

Ark/21 Shares has a price of $39.66, a volume of 7,400, a 1-month average volume of 33,200, and an AUM of $8.01 million. It has a total of 0.3 million shares.

1.2. Bitcoin Futures ETF Monthly Average Volume Analysis
Analyzing the monthly average volume of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has a 1-month average volume of 28,165,564. VanEck Bitcoin Strategy ETF has a 1-month average volume of 51,295. Valkyrie Bitcoin and Ether Strategy ETF has a 1-month average volume of 141,276. Global X Blockchain & Bitcoin Strategy ETF has a 1-month average volume of 17,100. Ark/21 Shares has a 1-month average volume of 33,200.

1.3. Bitcoin Futures ETF Expense Ratio Analysis
Examining the expense ratios of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has an expense ratio of 0.95%. VanEck Bitcoin Strategy ETF has an expense ratio of 0.76%. Valkyrie Bitcoin and Ether Strategy ETF has an expense ratio of 1.20%. Global X Blockchain & Bitcoin Strategy ETF has an expense ratio of 0.65%. Ark/21 Shares has an expense ratio of 0.70%.

1.4. Bitcoin Futures ETF Performance Analysis
Analyzing the performance of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has a 1-month return of -2.51%. VanEck Bitcoin Strategy ETF has a 1-month return of -1.81%. Valkyrie Bitcoin and Ether Strategy ETF has a 1-month return of +5.34%. Global X Blockchain & Bitcoin Strategy ETF has a 1-month return of -11.38%. Ark/21 Shares has a 1-month return of -2.26%.

1.5. Bitcoin Futures ETF One Month Net Fund Flow Analysis
Analyzing the net fund flow of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has a one-month net fund flow of +352.37M. VanEck Bitcoin Strategy ETF has a one-month net fund flow of -17.75M. Valkyrie Bitcoin and Ether Strategy ETF has a one-month net fund flow of +3.59M. Global X Blockchain & Bitcoin Strategy ETF has a one-month net fund flow of -2.75M. Ark/21 Shares has a one-month net fund flow of +6.44M.

1.6. Bitcoin Futures ETF Technical Analysis
Analyzing the technical indicators of Bitcoin Futures ETFs, we find that ProShares Bitcoin Strategy ETF has a price of $19.39, an RSI (30 Days) of 52, a 20-day moving average of $21.30, a MACD (15 Days) of -1.22, and a Williams % Range (20 Days) of 85.49.

VanEck Bitcoin Strategy ETF has a price of $36.79, an RSI (30 Days) of 52, a 20-day moving average of $39.91, a MACD (15 Days) of -2.04, and a Williams % Range (20 Days) of 88.01.

Valkyrie Bitcoin and Ether Strategy ETF has a price of $13.13, an RSI (30 Days) of 55, a 20-day moving average of $13.85, a MACD (15 Days) of -0.19, and a Williams % Range (20 Days) of 72.20.

Global X Blockchain & Bitcoin Strategy ETF has a price of $43.88, an RSI (30 Days) of 49, a 20-day moving average of $52.69, a MACD (15 Days) of -7.25, and a Williams % Range (20 Days) of 90.58.

Ark/21 Shares has a price of $39.66, an RSI (30 Days) of 54, a 20-day moving average of $43.58, a MACD (15 Days) of -2.43, and a Williams % Range (20 Days) of 85.33.

2. In-Depth Analysis of Bitcoin Spot ETFs
At the time of writing this report, the top players in the Bitcoin Spot ETF market, based on Asset Under Management (AUM), are Grayscale Bitcoin Trust, iShare Bitcoin Trust, Wise Origin Bitcoin Trust by Fidelity, Bitwise Bitcoin ETP, and Ark/21 Shares Bitcoin Trust.

Grayscale Bitcoin Trust leads Bitcoin spot ETFs with an impressive $22.94 billion AUM. iShare Bitcoin Trust follows with $1.40 billion, Wise Origin Bitcoin Trust by Fidelity with $1.26 billion, Bitwise Bitcoin ETP with $425.40 million, and Ark/21 Shares Bitcoin Trust with $379.60 million AUM.

2.1. Bitcoin Spot ETF: A Basic Data Overview
Examining the basic data of Bitcoin Spot ETFs, we find that Grayscale Bitcoin Trust has a price of $35.82, a volume of 30,142,100, an AUM of $22.94 billion, and a total of 634.2 million shares.

iShare Bitcoin Trust has a price of $22.95, a volume of 17,222,000, an AUM of $1.40 billion, and a total of 50.2 million shares.

Wise Origin Bitcoin Trust by Fidelity has a price of $35.18, a volume of 11,640,300, an AUM of $1.26 billion, and a total of 28.4 million shares.

Bitwise Bitcoin ETP has a price of $21.97, a volume of 2,279,900, an AUM of $425.40 million, and a total of 16.1 million shares.

Ark/21 Shares Bitcoin Trust has a price of $40.21, a volume of 3,238,200, an AUM of $379.60 million, and a total of 7.6 million shares.

2.2. Bitcoin Spot ETF Average Volume Analysis
Analyzing the average volume of Bitcoin Spot ETFs, we find that Grayscale Bitcoin Trust has a 10-day average volume of 18.17 million. iShare Bitcoin Trust has a 10-day average volume of 9.58 million. Wise Origin Bitcoin Trust by Fidelity has a 10-day average volume of 6.26 million. Bitwise Bitcoin ETF has a 10-day average volume of 1.63 million. Ark/21 Shares Bitcoin Trust has a 10-day average volume of 1.51 million.

2.3. Bitcoin Spot ETF Expense Ratio Analysis
Examining the expense ratios of Bitcoin Spot ETFs, we find that Grayscale Bitcoin Trust has an expense ratio of 1.50%. iShare Bitcoin Trust has an expense ratio of 0.25%. Wise Origin Bitcoin Trust by Fidelity has an expense ratio of 0.25%. Bitwise Bitcoin ETP has an expense ratio of 0.20%. Ark/21 Shares Bitcoin Trust has an expense ratio of 0.21%.

Notably, iShare offers a temporary 0.12% discount for the first $5 billion in assets during the initial 12 months post-launch. Additionally, Ark/21 Shares maintains zero fees for the first six months or until reaching $1 billion in assets, further enhancing investor incentives.

2.4. Bitcoin Spot ETF Performance Analysis
Analyzing the performance of Bitcoin Spot ETFs, we find that Grayscale Bitcoin Trust has a one-month return of +7.15%. iShare Bitcoin Trust has a one-month return of -10.63%. Wise Origin Bitcoin Trust by Fidelity has a one-month return of -10.74%. Bitwise Bitcoin ETP has a one-month return of -11.00%. Ark/21 Shares Bitcoin Trust has a one-month return of -10.76%.

2.5. Bitcoin Spot ETF Net Fund Flow Analysis
Analyzing the net fund flow of Bitcoin Spot ETFs, we find that Grayscale Bitcoin Trust has a net fund flow of -2.12 billion. iShare Bitcoin Trust has a net fund flow of +1.30 billion. Wise Origin Bitcoin Trust by Fidelity has a net fund flow of +1.29 billion. Bitwise Bitcoin ETF has a net fund flow of +0.39 billion. Ark/21 Shares Bitcoin Trust has a net fund flow of +0.06 billion.

These analyses provide valuable insights into the performance and trends of Bitcoin ETFs. By considering factors such as AUM, average volume, expense ratios, performance, and net fund flow, investors can make informed decisions and develop effective investment strategies.