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BRRR NASDAQ Holds the asset itself

CoinShares Bitcoin ETF

Issued by CoinShares. Traded since 11 Jan 2024 on NASDAQ. Every figure below is dated and sourced, and the wrapper is measured against the asset it holds.

Bitcoin logoHolds Bitcoin research file →
$23.02关闭, 08 Oct 2026
-2.00%On the day
$463.51M管理资产规模
0.25%Expense ratio, a year
end-of-day close Tiingo as of 08 Oct 2026
fund facts, as published Financial Modeling Prep observed 09 Oct 2026 11:46 UTC
What this is. A listed fund that holds the asset with a custodian and issues shares against it. You own shares in the fund, not the asset itself, and the fund charges its expense ratio every year on the whole position. In exchange the shares settle in an ordinary brokerage account.
01

价格

688 trading days on record
daily close, not adjusted Tiingo from 11 Jan 2024 to 08 Oct 2026
02

Against the asset it holds

Total return of the fund, distributions included, beside the change in the asset over exactly the same dates. The difference is what holding the wrapper cost or gained against holding the asset. Over a full year it should sit close to minus the expense ratio; anything further away has another cause.

Window从 BRRRBTCDifference
1 month 08 Sep 2026 +4.12% +4.14% -0.02 pp
3 months 09 Jul 2026 +29.11% +29.31% -0.20 pp
6 months 09 Apr 2026 +13.12% +13.78% -0.66 pp
Year to date 31 Dec 2025 -6.91% -6.63% -0.28 pp
1年 08 Oct 2025 -33.98% -33.77% -0.22 pp
Since first trade 11 Jan 2024 +73.21% +76.28% -3.07 pp
total return from the adjusted close; the asset at its daily close Tiingo · 日终价格历史 to 08 Oct 2026
BRRR, total returnBTC, price

Both lines start at 100 where the chosen range begins. A gap that opens between them is the cost, or gain, of holding the asset through the fund.

03

Trading

Average volume, 30 days Average volume, 30 days 47,857 shares $1.11M a day
Volatility, 90 days Volatility, 90 days 37.3% 由每日波动年化计算
Deepest fall since listing Deepest fall since listing -53.3% to 30 Jun 2026
From its highest close From its highest close -35.1% adjusted for distributions
Range over the last year of trading
$16.37 · 25 Jun 2026now $23.02$35.10 · 08 Oct 2025
end-of-day, last 21 and 63 trading days Tiingo to 08 Oct 2026
04

Fund facts

发行方CoinShares
What it holdsBitcoin
StructureHolds the asset itself (spot)
Listing exchangeNASDAQ
Fund inception10 Jan 2024
First trade on record11 Jan 2024
Expense ratio0.25% a year
管理资产规模$463.51M
Units of BTC held5,678.73
Value of that holding$463.51M
Share of circulating BTC0.028%
Share of assets in all BTC products0.4%
ISINUS91916J1007
CUSIP91916J100
holdings as published by the fund Financial Modeling Prep observed 09 Oct 2026 08:46 UTC assets under management observed 09 Oct 2026 11:46 UTC

The issuer’s own page for this product, with its prospectus: coinshares.com ↗

05

Other products holding BTC

Every covered product with the same underlying asset, largest first. Within one asset the products differ mainly in fee, size and how closely they have followed it.

产品发行方费用 资产1年Against BTC
IBITiShares Bitcoin Trust ETF iShares 0.25% $67.31B -33.97% -0.20 pp
FBTCFidelity Wise Origin Bitcoin Fund Fidelity 0.25% $15.45B -33.97% -0.20 pp
GBTCGrayscale Bitcoin Trust ETF Grayscale 1.50% $10.30B -34.79% -1.02 pp
BTCGrayscale Bitcoin Mini Trust ETF Grayscale 0.15% $5.16B -33.93% -0.16 pp
BITBBitwise Bitcoin ETF Trust Bitwise 0.20% $3.04B -33.98% -0.22 pp
ARKBARK 21Shares Bitcoin ETF ARK 0.21% $2.66B -33.92% -0.15 pp
HODLVanEck Bitcoin ETF VanEck 0.20% $1.19B -33.82% -0.05 pp
MSBTMorgan Stanley Bitcoin Trust ETF Eaton Vance 0.14% $868.47M — —
EZBCFranklin Bitcoin ETF Franklin Templeton 0.19% $469.07M -33.98% -0.21 pp
BRRRCoinShares Bitcoin ETF CoinShares 0.25% $463.51M -33.98% -0.22 pp
BTCOInvesco Galaxy Bitcoin ETF Invesco 0.25% $421.24M -33.99% -0.22 pp
BTCWWisdomTree Bitcoin Fund WisdomTree 0.25% $175.68M -34.05% -0.28 pp
DEFIHashdex Bitcoin Futures ETF Tidal Investments LLC 0.25% $14.54M — —
BTCK7RCC Spot Bitcoin and Carbon Credit Futures ETF Teucrium 0.84% $1.98M — —

A blank in the one-year columns means the product has traded for less than a year; it is not a zero.

06

In the issuer’s words

The CoinShares Bitcoin ETF allows investors to gain exposure to the digital currency's price fluctuations. This is achieved through the Trust's direct ownership of physical bitcoin, which is kept secure by regulated custody providers. Each share acquired represents a proportional stake in these underlying bitcoin assets. Although not a direct acquisition of bitcoin, this ETF presents an economical and convenient method for engaging with the bitcoin market via traditional financial platforms.

The fund’s own description, as published through Financial Modeling Prep. It is the issuer’s account, not ours.

07

What these figures cannot tell you

Whether the price was fair on the day

We do not publish a premium or discount to net asset value. Our source’s net asset value carries no date of its own, and comparing one day’s price with another day’s value invents a gap that is not there. The issuer publishes both every day.

What you would have earned

Returns here are the fund’s, before your broker’s costs, the spread you pay to trade, and any tax. Distributions are counted as reinvested on the day they were paid.

How safe the custody is

A fund’s asset sits with a custodian named in its prospectus. The figures say nothing about that arrangement; the prospectus does.

Anything about the asset itself

A fund that follows its asset closely inherits all of the asset’s risks. The research file for the asset is where those are measured.

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