Quarterly ResultMay 6, 2026, 05:02 PM
Bitwise Bitcoin ETF Q1 Net Assets $2.55B; NAV per Share $36.83
AI Summary
Bitwise Bitcoin ETF reported a significant decline in net assets and NAV per share for the first quarter of 2026. The Trust's net assets decreased to $2.55 billion, primarily driven by a substantial net change in unrealized depreciation on its bitcoin holdings of $(745.4) million. This led to a net decrease in net assets from operations of $(768.7) million, alongside a net decrease in shares outstanding due to redemptions exceeding creations.
Key Highlights
- Net Assets decreased to $2.55 billion as of March 31, 2026, from $3.37 billion at December 31, 2025.
- Principal Market NAV per Share fell to $36.83 on March 31, 2026, from $47.57 at December 31, 2025.
- Net decrease in net assets from operations was $(768.7) million for the three months ended March 31, 2026.
- Net change in unrealized depreciation on bitcoin holdings totaled $(745.4) million in Q1 2026.
- The Trust held 37,600.71 bitcoin with a fair value of $2.55 billion as of March 31, 2026.
- Net decrease in Shares issued and outstanding was 1.56 million for the quarter.
- Net realized losses on investment in bitcoin amounted to $21.77 million for Q1 2026.