Bitcoin ETF
Overview
Fund objective
QBTC aims to track the price of Bitcoin (before fees and expenses) in $A.
Fund strategy
QBTC obtains its exposure to physically-settled Bitcoin by investing in the NYSE-listed Bitwise Bitcoin ETF run by the largest crypto index fund manager in the US, Bitwise. The underlying Bitcoin assets are held by a leading global digital asset custodian.
An investment in QBTC should be considered extremely high risk and should be considered only by informed investors seeking a very small allocation (5% or less) to an extremely high volatility investment.
An investment in the Fund is not suitable for all investors and should only be made by investors (i) who fully understand the features and risks of Bitcoin or after consulting a professional financial adviser, and (ii) who have an extremely high tolerance for risk and the capacity to absorb a rapid loss of some or all of their investment.
There are risks associated with an investment in the Fund including volatility risk, digital asset price risk, currency risk, political, legal and regulatory risk, immutability risk and digital asset custody risk. An investment in the Fund should only be made after considering your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination at www.betashares.com.au.
Benefits
Convenience
No need for private keys or complicated wallets – invest just as you would in any ETF.
Regulation and professional custody
Unlike cryptocurrency trading platforms, which can be subject to varying levels of regulation, QBTC is subject to the same regulation as all ASX-traded ETFs. The underlying holdings of Bitcoin are primarily held offline in cold storage by a leading global digital asset custodian.
Transparent valuation and holdings
QBTC’s net asset value (NAV) is published daily on the Betashares website along with the amount of Bitcoin held per unit.
Invest in QBTC with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 150,000 |
|---|---|
| Management fee and cost** (p.a.) | 0.45% |
| Distribution frequency | Not expected |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | MUFG Corporate Markets |
| Domicile | Australia |
* As at 25 March 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| * Data is delayed by at least 20 minutes. | |
| NAV | |
|---|---|
| NAV/Unit* | $27.41 |
| iNAV (live)** | |
| Bitcoin price AUD (live)** | |
| Number of Bitcoin per unit | 0.00019602 |
|
* As at 25 March 2025
* As at |
|
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | QBTC |
|---|---|
| IRESS code | QBTC.AXW |
| iNAV IRESS code | QBTCAUIV |
| Market makers | Susquehanna Pacific |
Performance
Fund returns after fees (%)
| Fund | Bitcoin (AUD) | |
|---|---|---|
| 1 month | - | -17.31% |
| 3 months | - | -9.80% |
| 6 months | - | 55.63% |
| 1 year | - | 41.44% |
| 3 year p.a. | - | 37.31% |
| 5 year p.a. | - | 58.72% |
| 10 year p.a. | - | 82.63% |
| Since inception (p.a.) | -8.62% | -8.81% |
| Inception date | 18-Feb-25 | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Sector allocation
| Bitcoin | 100.0% |
|---|
* As of 28 February 2025
