BTCW - WisdomTree Bitcoin Fund
In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily based on the value of bitcoin as reflected by the CME CF Bitcoin Reference Rate – New York Variant (the “Reference Rate”), which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot platforms.
As of May 15, 2026: spot at $83.60, ATM IV 39.0%, net GEX $2.7K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $169.0M
- Beta
- 2.19
- 52-Week Range
- 66.215-133.92
- IPO Date
- Jan 11, 2024
- Exchange
- CBOE
What BTCW Looks Like to Options Traders Today
positive net gamma exposure ($2.7K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.036) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The BTCW overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked BTCW overview questions
- What is BTCW?
- BTCW is the ticker symbol for WisdomTree Bitcoin Fund, an listed exchange-traded fund. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily based on the value of bitcoin as reflected by the CME CF Bitcoin Reference Rate – New York Variant (the “Reference Rate”), which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot platforms. Listed on CBOE. BTCW is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the BTCW options snapshot look like today?
- As of May 15, 2026, the BTCW options snapshot shows spot at $83.60, ATM IV 39.0%, net GEX $2.7K, expected move 11.18%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are BTCW's key statistics?
- WisdomTree Bitcoin Fund (BTCW) carries a market capitalization of $169.0M, 52-week range of 66.215-133.92. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does BTCW belong to?
- WisdomTree Bitcoin Fund operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare BTCW's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the BTCW data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.