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## BITS
---
# Blockchain & Bitcoin Strategy ETFActive
Invest in BITS
Overview
Prices & Performance
Holdings & Characteristics
Research
Documents
Invest
## Reasons to Consider BITS
### Bitcoin Futures Exposure
By investing in the regulated bitcoin futures market, BITS offers a novel and transparent way of gaining exposure to futures on the world's largest cryptocurrency, without the need for self-custody.
### Long-Term Growth Potential
BITS seeks long-term growth potential by combining prudent management of bitcoin futures positions with exposure to disruptive companies on the cutting edge of the emerging blockchain technology and digital assets theme.
### ETF Efficiency
BITS delivers efficient access to bitcoin futures and blockchain technology stocks in a single trade.
### Key Information As of 01/23/25
| Inception Date | 11/15/21 |
| --- | --- |
| Total Expense Ratio | 0.65% |
| Net Assets | $36.56 million |
| NAV | $76.62 |
| Fact Sheet |  |
### ETF Summary
The Global X Blockchain & Bitcoin Strategy ETF (BITS) is an actively-managed fund that seeks to capture the long-term growth potential of the blockchain and digital assets theme. The Fund takes long positions in U.S. listed bitcoin futures contracts and invests, directly and/or indirectly, in companies positioned to benefit from the increased adoption of blockchain technology. BITS will not invest directly in bitcoin, and it currently delivers exposure to blockchain companies through other ETFs, including the affiliated Global X Blockchain ETF.
### ETF Objective
The Global X Blockchain & Bitcoin Strategy ETF (BITS) seeks to achieve long-term capital appreciation.
### Trading Details As of 01/23/25
| Ticker | BITS |
| CUSIP | 37960A727 |
| ISIN | US37960A7274 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 477,123 |
| Number of Holdings | 7 |
| 30-Day Median Bid-Ask Spread | 0.78% |
### Distributions As of 01/23/25
| 30-Day SEC Yield | 1.88% |
| Distribution Frequency | Semi-Annually |
  Distribution History
### ETF Prices As of 01/23/25
| NAV | $76.62 | Daily Change | -$0.12 | -0.16% |
| --- | --- | --- | --- | --- |
| Market Price | $76.80 | Daily Change | $0.30 | 0.39% |
### Performance History
Premium Discount Chart
Avg Annualized % Cumulative %
| As of recent month & quarter-end (12/31/24)  As of recent month & quarter-end (12/31/24) | Fund NAV | Market Price |
| --- | --- | --- |
| 1 Year | 62.42% | 62.49% |
| 3 Years | 7.95% | 7.80% |
| Since Inception | -5.44% | -5.46% |
| Year-to-Date | 62.42% | 62.49% |
| 1 Month | -13.60% | -14.01% |
| 3 Months | 31.21% | 31.41% |
| Since Inception | -16.05% | -16.11% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
### Top Holdings As of 01/23/25
| Exposure (%) | Ticker | Name | SEDOL | Price/Unit ($) | Units Held | Exposure Amount ($) | Market Value ($) | Market Value (%) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 50.31 | BKCH | GLOBAL X BLOCKCHAIN ETF | BMBX2Y9 | 61.34 | 299,800.00 | 18,389,732.00 | 18,389,732.00 | 50.31 |
| 38.19 | BTCF5 Curncy | CME BITCOIN FUT JAN25 |  | 517,075.00 | 27.00 | 13,961,025.00 | 13,961,025.00 |  |
| 11.40 | BTCG5 Curncy | CME BITCOIN FUT FEB25 |  | 520,775.00 | 8.00 | 4,166,200.00 | 4,166,200.00 |  |
|  | CLIP | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.34 | 106,500.00 |  | 10,686,210.00 | 29.23 |
|  |  | B 01/28/25 | BQPDR26 | 1.00 | 1,500,000.00 |  | 1,499,288.34 | 4.10 |
|  |  | B 04/03/25 | BL54JW8 | 0.99 | 1,500,000.00 |  | 1,487,894.46 | 4.07 |
|  |  | B 04/10/25 | BSVLV59 | 0.99 | 1,500,000.00 |  | 1,486,668.33 | 4.07 |
|  |  | CASH |  | 1.00 | 3,014,928.59 |  | 3,014,928.59 | 8.25 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
### ETF Documents
### Invest in BITS
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#### Want to learn more?
Explore the fundamentals of ETF investing to get you started.
Global X Management Company LLC makes no representations, warranties, endorsements, or recommendations regarding any broker, advisor, or other financial intermediary, nor are we affiliated with these entities. Ask such entities or persons about any conflicts of interest that may influence such entities or persons to recommend Global X ETFs over another investment. By clicking the links above you are leaving GlobalXETFs.com and visiting a third-party website. Global X Management Company LLC is not responsible for the contents of third-party websites.
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### Latest Premium / Discount As of 01/23/25
| Market Price | $76.80 |
| Premium / (Discount) | $0.18 |
### Current View 2025 Q1 As of 01/23/25
| Days at Premium | 8 |
| Days at NAV | 0 |
| Days at Discount | 6 |
| Greatest Premium | 0.39% |
| Greatest Discount | -0.74% |
### Daily Premium / Discount History As of 01/23/25
Hover over the chart points for details
2025 Q1
2024 Q4
2024 Q3
2024 Q2
2024 Q1
2024 1Y
View Chart Explanation
#### How can the Fund trade at a premium/discount to its NAV?
The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
#### What causes these time discrepancies?
*Close of Trading Times.* Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
*Time of Last Trade.* Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.
*International Holdings.* The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.
Distribution History
Ex-Date
Record Date
Payable Date
Amount
* 2021
  + 12/30/2021
    12/31/2021
    01/07/2022
    $0.372032
* 2022
  + 06/29/2022
    06/30/2022
    07/08/2022
    $0.004139
  + 12/29/2022
    12/30/2022
    01/09/2023
    $0.075994
* 2023
  + 06/29/2023
    06/30/2023
    07/10/2023
    $0.222836
  + 12/28/2023
    12/29/2023
    01/08/2024
    $7.052521
* 2024
  + 06/27/2024
    06/27/2024
    07/05/2024
     $0.378426
  + 12/30/2024
    12/30/2024
    01/07/2025
    $19.336055
* 2025
  + 06/27/2025
    06/27/2025
    07/07/2025
  + 12/30/2025
    12/30/2025
    01/07/2026
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SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.
Check the background of SIDCO and Global X’s Registered Representatives on FINRA’s 
**Bitcoin and bitcoin futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Fund could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment.**
Investing involves risk, including the possible loss of principal. BITS is actively managed and invests in bitcoin futures contracts. The ETF does not invest directly in or hold bitcoin. The price and performance of bitcoin futures should be expected to differ from the current “spot” price of bitcoin. These differences could be significant. Bitcoin futures are subject to margin requirements, collateral requirements and other limits that may prevent the ETF from achieving its objective. Margin requirements for futures and costs associated with rolling (buying and selling) futures may have a negative impact on the fund’s performance and its ability to achieve its investment objective.
Bitcoin is largely unregulated and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments. Bitcoin and bitcoin futures are subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for bitcoin and bitcoin futures contracts and other factors.
Narrowly focused investments typically exhibit higher volatility. Investments in blockchain companies may be subject to the following risks: the technology is new and many of its uses may be untested; theft, loss or destruction of key(s) to access the blockchain; intense competition and rapid product obsolescence; cybersecurity incidents; lack of liquid markets; slow adoption rates; lack of regulation; third party product defects or vulnerabilities; reliance on the Internet; and line of business risk. Blockchain technology may never develop optimized transactional processes that lead to realized economic returns for any company in which the Fund invests. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. BITS is non­diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
***Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.***
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated.
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