Bitwise 10 Crypto Index ETF (BITW) Operating Expenses (2020 - 2026)
Bitwise 10 Crypto Index ETF (BITW) posted Operating Expenses of $1.3 million for Q2 2026, down 17.39% on a QoQ basis from $1.5 million in Q1 2026, and down 84.95% year-over-year from $8.5 million in Q2 2025.
Analysis
Bitwise 10 Crypto Index ETF (BITW) Operating Expenses (2020 - 2026) Analysis & Trends
Bitwise 10 Crypto Index ETF has reported Operating Expenses for 7 years, with the latest figure at $1.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 84.95% year-over-year to $1.3 million in Q2 2026; TTM through Jun 2026 was $20.0 million, a 33.81% decrease from a year earlier, with the FY2025 full-year figure at $33.5 million, up 29.72% from the prior year.
- Operating Expenses was $1.3 million for Q2 2026 at Bitwise 10 Crypto Index ETF, down from $1.5 million in the prior quarter.
- The five-year high for Operating Expenses was $10.1 million in Q3 2025, with the low at $1.3 million in Q2 2026.
- Average Operating Expenses over 5 years is $4.9 million, with a median of $4.6 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 106.81% in 2024, then slumped 84.95% in 2026.
- Over 5 years, Operating Expenses stood at $2.2 million in 2022, then jumped by 81.16% to $3.9 million in 2023, then soared by 102.94% to $7.9 million in 2024, then fell by 11.24% to $7.0 million in 2025, then sank by 81.84% to $1.3 million in 2026.
- The last three Operating Expenses figures came in at $1.3 million (Q2 2026), $1.5 million (Q1 2026), and $7.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | 149.76 Mn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | 43.37 Mn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | 7.55 Mn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 3.41 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | 44.44 Mn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 2.14 Bn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 1.46 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 486.70 Mn |
| 10 | Bitwise 10 Crypto Index ETF | 1.03 Bn | 1.03 Bn | - | 1.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Mn |
| Mar 31, 2026 | 1.55 Mn |
| Dec 31, 2025 | 7.04 Mn |
| Sep 30, 2025 | 10.09 Mn |
| Jun 30, 2025 | 8.49 Mn |
| Mar 31, 2025 | 7.86 Mn |
| Dec 31, 2024 | 7.93 Mn |
| Sep 30, 2024 | 5.87 Mn |
| Jun 30, 2024 | 6.13 Mn |
| Mar 31, 2024 | 5.88 Mn |
| Dec 31, 2023 | 3.91 Mn |
| Sep 30, 2023 | 2.93 Mn |
| Jun 30, 2023 | 3.18 Mn |
| Mar 31, 2023 | 2.84 Mn |
| Dec 31, 2022 | 2.16 Mn |
| Sep 30, 2022 | 2.56 Mn |
| Jun 30, 2022 | 3.48 Mn |
| Mar 31, 2022 | 5.22 Mn |
| Dec 31, 2021 | 7.27 Mn |
| Sep 30, 2021 | 5.60 Mn |