# WisdomTree Bitcoin Fund (BTCW): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/btcw for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: WisdomTree · Asset class: Alternatives - Strategy: Thematic · Inception: 2024-01-11 BTCW passively tracks Bitcoins market price using the CME CF Bitcoin Reference Rate New York Variant, which aggregates data from a selection of Bitcoin exchanges that meet their constituent exchange criteria. The fund focuses on including reliable, transparent exchanges with strong trading activity from diverse geographic regions, all while ensuring adherence to regulatory standards for an accurate reflection of the bitcoin market. BTCW focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification int... ## Key Facts | Metric | Value | |---|---| | Price | $86.25 | | Expense Ratio | 0.25% | | Assets Under Management | $166.8M | | NAV | $85.78 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $61.45 – $117.89 | | Beta | 2.15 | ## Frequently Asked Questions ### What does BTCW invest in? BTCW passively tracks Bitcoins market price using the CME CF Bitcoin Reference Rate New York Variant, which aggregates data from a selection of Bitcoin exchanges that meet their constituent exchange criteria. The fund focuses on including reliable, transparent exchanges with strong trading activity from diverse geographic regions, all while ensuring adherence to regulatory standards for an accurate reflection of the bitcoin market. BTCW focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification into digital assets within more traditional investment products, BTCW is structured to mirror Bitcoins price movements and is aimed at investors seeking indirect exposure to the digital asset market while avoiding the complexities of direct cryptocurrency ownership. It is important to note that investors should compare fees when selecting specific investments in this space. ### What is the expense ratio of BTCW? WisdomTree Bitcoin Fund (BTCW) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BTCW? WisdomTree Bitcoin Fund (BTCW) manages $166.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BTCW actively managed or an index fund? BTCW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BTCW launched? WisdomTree Bitcoin Fund (BTCW) launched in January 2024 and is managed by WisdomTree. ### How has BTCW performed? BTCW's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BTCW pay a dividend? WisdomTree Bitcoin Fund (BTCW) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BTCW pay dividends? WisdomTree Bitcoin Fund pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BTCW's dividend yield? BTCW's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BTCW's next ex-dividend date? BTCW hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will BTCW's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BTCW charge its expense ratio? The expense ratio is deducted in tiny daily slices from BTCW's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BTCW cost more than a fund like VOO? BTCW's strategy (current expense ratio 0.25%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BTCW sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BTCW? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BTCW (0.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/btcw - Distribution history: https://www.dividenddata.com/funds/btcw/dividend - Holdings & diversification: https://www.dividenddata.com/funds/btcw/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/btcw/expenses - Peer comparison: https://www.dividenddata.com/funds/btcw/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.