BRRR — CoinShares Bitcoin ETF

BRRR Price Performance — Growth of $10,000

Value of a $10,000 investment in BRRR over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BRRR Drawdown

The "underwater" chart: BRRR's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The CoinShares Bitcoin ETF, identified by the ticker BRRR, is a cryptocurrency fund issued by Valkyrie Digital Assets LLC. It holds an overall rank of #453 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of F with a score of 27.8 out of 100. The fund manages $344 million in assets while trading at a price of $17.99 per share. It does not charge an expense ratio and offers a dividend yield of 0.00%. Within the Crypto category, which contains 11 ETFs tracked by ETFValuer, this fund's positioning reflects its current standing among peers. The combination of its asset size and price level indicates the current level of investor adoption relative to the broader fund universe.

Recent performance data shows a decline of 1.75% over the last day and a further drop of 3.95% over the past week. Over the last month, the fund posted a gain of 6.89% before reversing course to fall 17.02% over three months. The six-month return stands at -27.22%, while the year-to-date figure is -29.06%. The one-year return is recorded at -45.53%, and data for the three-year period is not available. This pattern illustrates a divergence where short-term monthly gains were followed by significant losses over longer horizons.

The fund carries a Very High volatility label and has a Sharpe ratio of -1.14. Beta data is not provided for this security. The maximum drawdown recorded for the ETF is -53.33%. This combination of a negative Sharpe ratio and a substantial maximum drawdown suggests the fund has experienced significant price declines relative to its risk profile. The Very High volatility classification aligns with the magnitude of the drawdown and the negative risk-adjusted return metric. These figures collectively describe a fund with extreme price fluctuations and poor risk-adjusted performance in the measured periods.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BRRR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 6.30% and average daily volume is 194K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $344M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BRRR is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BRRR Performance History

How BRRR Compares to Other Crypto ETFs