BTOP · Expected Move

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF · ETF

The expected move for BTOP is derived from at-the-money straddle pricing — the market's implied one-standard-deviation move through the next 30 days. Comparing it to realized moves reveals when options are pricing in too much (premium-selling regime) vs too little (premium-buying regime).

BTOP straddle price & implied vol

60 sessions

Bars: at-the-money straddle price (30-day and 7-day) — the market's priced move. Line: 30-day at-the-money implied volatility (right axis).

Current BTOP Expected Move
30-Day Straddle
$5.00
7-Day Straddle
$5.00
30-Day ATM IV
77.5%
IV Rank
75%
Implied one-standard-deviation move through the next 30 days. Compare to BTOP's realized move over the same window to gauge whether options are pricing in too much (premium-selling regime) or too little (premium-buying regime). The Expected Move Tracker ranks every symbol by this measure.
BTOP Straddle Price — Last 60 Days
Date30D Straddle7D StraddleATM IVIV Rank
20260521 $5.00 $5.00 77.5% 75%
20260520 $4.05 $4.05 59.3% 12%
20260519 $4.15 $4.15 58.0% 11%
20260518 $4.10 $4.10 58.4% 12%
20260515 $4.15 $3.55 55.6% 9%
20260514 $4.00 $2.67 50.6% 6%
20260513 $5.00 $5.00 50.8% 6%
20260512 $4.10 $2.55 50.5% 6%
20260511 $5.00 $5.00 52.9% 7%
20260510 $4.15 $3.70 — —
20260508 $4.15 $3.70 52.7% 7%
20260507 $4.20 $3.70 54.0% 8%
20260506 $4.20 $3.70 50.1% 5%
20260505 $4.20 $3.70 48.9% 4%
20260504 $4.20 $3.70 50.7% 6%
20260502 $2.80 $2.80 — —
20260501 $2.80 $2.80 54.3% 8%
20260430 $2.70 $2.70 55.1% 9%
20260429 $2.60 $2.60 56.2% 10%
20260428 $2.75 $2.75 55.5% 9%
20260427 $2.88 $2.88 55.2% 9%
20260424 $2.98 $2.98 52.8% 7%
20260423 $3.02 $3.02 53.2% 8%
20260422 $3.15 $3.15 47.2% 3%
20260421 $3.08 $3.08 56.0% 10%
20260420 $3.10 $3.10 56.2% 10%
20260417 $3.25 $1.83 48.4% 4%
20260416 $3.17 $1.95 48.8% 4%
20260415 $3.25 $2.05 45.8% 2%
20260414 $3.15 $2.15 52.6% 7%
20260413 $3.30 $2.25 59.6% 12%
20260410 $3.40 $2.30 62.3% 14%
20260409 $3.40 $2.38 58.4% 11%
20260408 $5.00 $3.67 56.7% 10%
20260407 $3.65 $2.70 57.0% 10%
20260406 $3.23 $2.70 55.4% 9%
20260402 $3.90 $2.95 56.7% 10%
20260401 $2.98 $2.98 57.0% 10%
20260331 $3.10 $3.10 57.3% 11%
20260330 $3.10 $3.10 57.7% 11%
20260327 $2.95 $2.95 58.7% 12%
20260326 $3.12 $3.12 59.5% 12%
20260325 $3.15 $3.15 60.8% 13%
20260324 $3.05 $3.05 60.4% 13%
20260323 $3.25 $3.25 62.9% 15%
20260320 $3.50 $1.98 67.2% 18%
20260319 $3.38 $2.17 66.2% 17%
20260318 $3.40 $2.33 69.2% 20%
20260317 $3.55 $2.38 49.9% 9%
20260316 $3.58 $11.35 48.8% 9%
20260313 $3.80 $2.50 63.5% 20%
20260312 $3.65 $2.55 63.8% 20%
20260311 $3.75 $2.62 64.6% 20%
20260310 $10.20 $9.32 — —
20260309 $3.73 $9.80 61.1% 18%
20260308 $3.80 $2.85 — —
20260306 $3.80 $2.85 68.4% 23%
20260305 $3.95 $3.02 62.5% 19%
20260304 $2.83 $2.83 60.4% 17%
20260303 $3.10 $3.10 60.9% 18%

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.