# CoinShares Bitcoin ETP (BITP)

**Source:** https://fundology.uk/fund/bitp · ISIN GB00BLD4ZL17 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, BITP (CoinShares Bitcoin ETP, ISIN GB00BLD4ZL17) closed at £60.78 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 30/09/2026 its total return was −17.3%, or −35.3% after UK CPIH inflation.

## Summary

CoinShares Bitcoin ETP is an exchange-traded product from CoinShares, launched in 2021. It tracks the Compass Crypto Reference Index Bitcoin - Benchmark Price Return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

> **Crypto:** Cryptoassets are high-risk and largely unregulated in the UK. Prices can rise and fall very sharply, and you could lose all the money you put in.

Latest close: **£60.78** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BITP |
| ISIN | GB00BLD4ZL17 |
| Category | Crypto |
| Type | ETN / ETP |
| Provider | CoinShares |
| Tracks | Compass Crypto Reference Index Bitcoin - Benchmark Price Return |
| Income | Distributing |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £997m |
| Launched | 2021 |
| Domicile | United Kingdom |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -25.54% | -27.87% | income reinvested |
| 5 years | -17.27% | -35.33% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of CoinShares Bitcoin ETP in pounds (price only, income paid out not included): 2026 to 30/09/2026 −3.2%. Returns of CoinShares Bitcoin ETP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −22.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 30/09/2026 | -3.2% | -5.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 46.91% | -50.28% |

## Largest fall

Volatility of CoinShares Bitcoin ETP in pounds, annualised from weekly returns to 30/09/2026: 46.9% over 1 year. Largest fall in the price of CoinShares Bitcoin ETP since January 2025, in pounds: −50.3% from 10/10/2025 to 05/06/2026. On 30/09/2026 the price of CoinShares Bitcoin ETP was 30.7% below its highest weekly close since January 2025 (10/10/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of CoinShares Bitcoin ETP 0.15% a year, as of 01/10/2026: 11 of the 15 other crypto products charge more, 1 the same and 3 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.