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Despite recent drawdowns, BTC remains a resilient asset rather than a pure hedge – analyst
Seeking Alpha News (Fri, 27-Mar 10:07 AM ET)
The WisdomTree Bitcoin Fund is an exchange-traded fund whose investment objective is to gain exposure to the price of bitcoin, less expenses and liabilities, by holding bitcoin. The Fund will generally value its shares daily using an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot exchanges.
WisdomTree Bitcoin trades on the BATS stock market under the symbol BTCW.
As of April 1, 2026, BTCW stock price climbed to $72.49 with 3,577 million shares trading.
BTCW has a beta of 0.53, meaning it tends to be less sensitive to market movements. BTCW has a correlation of 0.05 to the broad based SPY ETF.
BTCW has a market cap of $148.24 million. This is considered a Micro Cap stock.
BTCW has underperformed the market in the last year with a price return of -16.9% while the SPY ETF gained +18.7%. BTCW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.8% and -8.1%, respectively, while the SPY returned -3.4% and -1.8%, respectively.
BTCW support price is $69.66 and resistance is $73.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTCW shares will trade within this expected range on the day.