ETF Evaluator:
Global X Bitcoin Trend Strategy ETF ()
Follow This ETF
(as of Aug 21)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
Index
Risk
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ETF Details
Global X Bitcoin Trend Strategy ETF Overview
Global X Bitcoin Trend Strategy ETF (BTRN) is a passively managed Miscellaneous Digital Assets exchange-traded fund (ETF). Global X Funds launched the ETF in 2024.
The investment seeks to provide investment results that correspond to the price and yield performance, before fees and expenses, of the CoinDesk Bitcoin Trend Indicator Futures Index.
The fund invests at least 80% of its total assets, plus borrowings for investment purposes, in the constituents of the index, and in other securities the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the constituents that comprise the underlying index, such as U.S. listed Bitcoin Futures ETFs. The fund is non-diversified.
About Global X Bitcoin Trend Strategy ETF (BTRN)
There are 2 members of the management team with an average tenure of 2.36 years: Nam To (2024) and Sandy Lu (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and CoinDesk Bitcoin Trend Indi Futur TR USD index with a weighting of 100%. Global X Bitcoin Trend Strategy ETF has 3 securities in its portfolio. The top 10 holdings constitute 99.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Global X Bitcoin Trend Strategy ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Global X Bitcoin Trend Strategy ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.4% (2.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X Bitcoin Trend Strategy ETF has 76.7% of the portfolio in cash.
Assets Under Management
The fund has $735 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BTRN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Bitcoin Trend Strategy ETF expense ratio is high compared to funds in the Digital Assets category. Global X Bitcoin Trend Strategy ETF has an expense ratio of 0.95%, which is 2% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Bitcoin Trend Strategy ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, Global X Bitcoin Trend Strategy ETF returned -0.2%, which earned it a grade of D, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Global X Bitcoin Trend Strategy ETF has a trailing yield of 31.07%, which is above the 15.12% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Global X Bitcoin Trend Strategy ETF Grades
Year to date, the ETF has returned -10.8%, 20.0 percentage points better than the category, which translates into a grade of A. The fund has returned -24.3% over the past year (grade of A).
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BTRN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BTRN Return (NAV) | -0.2% | -10.7% | -24.3% | na | na | na |
| BTRN Return (Price) | -0.2% | -9.8% | -24.3% | na | na | na |
| NAV +/- Price Return | 0.000% | -0.878% | -0.008% | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| BTRN Grade (NAV) | D | B | A | na | na | na |
| +/- Category (NAV) | -3.1% | 6.1% | 7.9% | na | na | na |
| BTRN Tax-Cost Ratio | na | na | 9.0% | na | na | na |
BTRN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BTRN Return (NAV) | -10.8% | 4.8% | na | na | na | na | na | na | na | na | na |
| BTRN Return (Price) | -10.8% | 0.4% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | -0.910% | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| BTRN Grade (NAV) | A | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 20.0% | 14.7% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 31.1% |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.95% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): To Nam (2024), Lu Sandy (2024) | |||
Portfolio Composition (as of 7/29/26)
| # of Holdings: | 3 |
| % in Top 10 Holdings: | 99.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 2.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 20.9% |
| Cash: | 76.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | March 20, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
