WisdomTree Bitcoin Fund (BTCW) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
WisdomTree Bitcoin Fund (BTCW) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $169.0M, listed on CBOE, carrying a beta of 2.19 to the broader market. 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. public since 2024-01-11.
Snapshot as of May 15, 2026.
- Spot Price
- $83.60
- ATM IV
- 39.0%
- HV 20-Day
- 32.9%
- HV 60-Day
- 42.6%
As of May 15, 2026, WisdomTree Bitcoin Fund (BTCW) ATM implied volatility is 39.0%. 20-day realized volatility is 32.9%, producing an IV-HV spread of +6.1 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium.
How BTCW iv/hv history Data Feeds Strategy Selection
Strategy selection on WisdomTree Bitcoin Fund options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 39.0% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked BTCW iv/hv history questions
- Is BTCW options pricing rich or cheap right now?
- As of May 15, 2026, WisdomTree Bitcoin Fund (BTCW) ATM IV is 39.0% against 20-day realized volatility of 32.9%. BTCW options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 6.1 vol points.
- What is the BTCW variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. BTCW is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does BTCW IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. BTCW's current rank signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.