Seeking AlphaT3·28mo ago
BITW Bitwise 10 Crypto Index ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BITW
—
—
Key stats
About
Bitwise 10 Crypto Index ETF (BITW) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2017-11-22
- Has Options
- No
Fund profile
- Expense ratio
- —
- Assets
- $793M shares × price, Oct 15, 2026
- Trailing yield
- —
- Average daily volume
- $1.6M 30 sessions
- Holdings
- —
- Listed
- Nov 22, 2017 NYSE Arca
Costn/a
Liquidity41
Scale70
Diversificationn/a
Moves with. Bitcoin (98% of its variance, beta 1.06). These factors explain 99% of its daily moves over the last year.
Fund flows
This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ETHGrayscale Ethereum Staking Mini ETF Shares | — | — | $2.1B | −39.6% | compare |
| ETHEGrayscale Ethereum Staking ETF Shares | — | — | $1.9B | −41.9% | compare |
| ETHBiShares Staked Ethereum Trust ETF Shares of Fractional Undivided Beneficial Interest | — | 0.25% | $1.1B | — | compare |
| GDLCGrayscale CoinDesk Crypto 5 ETF | — | — | $427M | −32.0% | compare |
| GSOLGrayscale Solana Staking ETF Shares | — | — | $139M | −47.1% | compare |
The largest other funds in the Crypto Basket category.
ETF Profile
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -8.68% | -8.68% |
| Feb | -- | -16.18% | -16.18% |
| Mar | -- | -1.57% | -1.57% |
| Apr | -- | 10.00% | 10.00% |
| May | -- | -7.39% | -7.39% |
| Jun | -- | -18.34% | -18.34% |
| Jul | -- | 5.16% | 5.16% |
| Aug | -- | 25.94% | 25.94% |
| Sep | -- | 8.91% | 8.91% |
| Oct | -- | -5.47%* | -5.47% |
| Nov | -- | -- | -- |
| Dec | -7.86% | -- | -7.86% |
| Total | -7.86% | -14.54% | -11.20% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $54.71
SMA 50: $50.75
SMA 200: $48.14
Current: $52.52
EMA 12: $53.64
EMA 26: $53.14
MACD: 0.5039 | Signal: -0.5653
BULLISH
ADX (14): 23.96
WEAK TREND
+DI: 22.11
−DI: 31.54
Momentum Oscillators
RSI (14): 47.37
NEUTRAL
Stoch %K: 22.21
Stoch %D: 24.71
Williams %R: -78.14
Volume & Volatility
BB Upper: $57.32
BB Lower: $52.10
NEUTRAL
OBV: -1,796,627
Vol SMA 20: 28,883
Vol ROC: -1.67%
ATR: $1.41
True Range: $1.17
HV 20: 31.8%
HV 30: 36.6%
HV 60: 39.2%
Data Summary
Data Points: 215
Last Updated:
Date Range: 2025-12-09T00:00:00 – 2026-10-16T00:00:00
AI Analysis
BITW Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 7/10)
Key Drivers:
- Technical indicators suggest a bearish trend, with a MACD signal indicating a potential sell signal.
- Recent news headlines are neutral, but the overall sentiment is mixed.
Primary Risks:
- High volatility and beta above 2.0 indicate high risk.
- Price movement relative to market (R-squared) suggests a strong negative correlation.
Investment Thesis: BITW appears to be trending downwards due to a combination of technical indicators and recent news sentiment. The high volatility and beta suggest significant price movements are possible, making it essential to have a clear risk management strategy in place.
Recent News Sentiment Impact: Neutral
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - bearish, Medium-term (1-3 months) - bearish, Long-term (3-12 months) - neutral
Support/Resistance Levels:
- Lower Bollinger Band: $36.17
- Middle Bollinger Band: $40.95
- Upper Bollinger Band: $45.72
Momentum Signals:
- RSI interpretation: Neutral (33.49)
- MACD signal: Bearish (-2.25 / -0.08 / -2.17)
- Bollinger Bands position: Squeeze
Volume Analysis:
- Volume SMA 20: 109698.35
- On-Balance Volume (OBV): -2179087.44
- Volume Rate of Change: -49.77%
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines from Seeking Alpha and The Motley Fool.
Sentiment Assessment: Mixed sentiment, with no significant positive or negative bias.
Catalyst Identification: No recent earnings data available; options activity is also minimal.
Market Narrative: Technical signals are bearish, while recent news sentiment is neutral. This divergence may indicate a potential trading opportunity.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta 2.08).
Volatility Regime: Current volatility levels are high, with an IV premium vs HV30 indicating implied richer than realized.
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection: Support levels at $36.17 and $40.95; risk management considerations are crucial due to high volatility.
Market Context & Positioning
Sector Performance: Relative strength vs sector/market is negative.
Institutional Activity: Volume patterns suggest institutional interest, but it's unclear if this is a bullish or bearish sign.
Correlation Analysis: BITW moves strongly negatively relative to market (R-squared).
Relative Valuation: Position within trading range; potential for significant price movements due to high volatility and beta.
Key Levels & Action Items
Critical Price Levels:
- Support: $36.17, $40.95
- Resistance: $45.72
Breakout/Breakdown Levels:
- Bearish breakdown below $36.17
- Bullish breakout above $45.72
Time-Sensitive Catalysts: No recent earnings data available; options activity is also minimal.
Risk Management: Stop-loss levels and position sizing considerations are essential due to high volatility and beta.
Please note that this analysis is based on the provided data, and it's crucial to consider additional information before making any investment decisions.
Generated
News
All BITW news →
The Motley FoolT3·28mo ago
BITW Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.8588
Alpha: -37.41%
Correlation: 0.5001
R-Squared: 25.0%
Stock Volatility: 47.5%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 214
Period: 252 trading days
Data Points: 214
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
BITW Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|