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BPRO

Bitwise Proficio Currency Debasement ETF

BPRO is an actively managed fund that seeks to invest in assets that the managers believe are likely to increase in value as a result of fiat currency debasement worldwide—from gold to mining equities to bitcoin.

BPRO does not directly hold spot crypto assets. The Fund may invest indirectly in crypto assets through the use of derivatives or ETPs that hold spot crypto assets.

Hedge Against Currency Debasement

BPRO is built to address a growing risk: the erosion of purchasing power when money and credit expand faster than real economic output.

Diversified Exposure in a Single ETF

The fund provides diversified exposure to debasement-resistant assets, including precious metals, store-of-value crypto assets (such as bitcoin), and gold and silver mining stocks.

Expert Active Management

Jointly managed by Bitwise and Proficio, BPRO is an actively managed strategy that adjusts exposures as market conditions change. Each firm brings deep expertise—Bitwise in crypto assets and Proficio in precious metals—ensuring the strategy is guided by specialists in both domains.

Holdings

Data as of 02/05/2026

Name
Ticker
Shares
Market Value
Weight(%)
Amundi Physical Gold ETC
GOLD
83,421
$16,330,494.96
17.00%
WisdomTree Physical Gold
16IB
29,970
$13,752,783.45
14.31%
iShares Gold Trust
IAU
117,976
$11,000,082.24
11.45%
iShares MSCI Global Gold Miners ETF
RING
131,526
$10,929,810.60
11.38%
iShares Silver Trust
SLV
73,585
$5,164,931.15
5.38%
iShares Physical Gold ETC
IGLN
50,661
$4,854,083.72
5.05%
iShares Physical Platinum ETC
IPLT
153,686
$4,578,882.26
4.77%
WisdomTree Physical Silver
16IA
62,689
$4,324,914.11
4.50%
VanEck Gold Miners ETF
GDX
43,445
$4,231,108.55
4.40%
Xtrackers Physical Gold ETC
XGLD
7,896
$3,737,690.04
3.89%
Xtrackers IE Physical Gold ETC
XGDU
33,822
$2,569,626.45
2.67%
iShares Bitcoin Trust ETF
IBIT
63,250
$2,509,760.00
2.61%
VanEck Junior Gold Miners ETF
GDXJ
17,935
$2,305,723.60
2.40%
21Shares Bitcoin Core ETP
CBTC
100,685
$1,668,954.56
1.74%
Global X Silver Miners ETF
SIL
16,567
$1,613,460.13
1.68%
SPDR Gold Shares
GLD
3,485
$1,587,278.10
1.65%
Grayscale Bitcoin Trust ETF
GBTC
17,930
$979,515.90
1.02%
Amplify Junior Silver Miners ETF
SILJ
27,679
$907,040.83
0.94%
iShares Bitcoin ETP
IB1T
120,097
$834,674.15
0.87%
iShares Physical Silver ETC
ISLN
10,626
$764,832.92
0.80%
Bitwise Core Bitcoin ETP
BT1U
90,289
$625,364.19
0.65%
Grayscale Bitcoin Mini Trust ETF
BTC
10,594
$328,308.06
0.34%
Bitwise Bitcoin ETF
BITB
7,000
$266,280.00
0.28%
Fidelity Wise Origin Bitcoin Fund
FBTC
3,410
$207,873.60
0.22%

Holdings are subject to change. Current and future holdings are subject to risk.

Net Asset Value (NAV) and Market Price

Data as of 02/04/2026

NAV: $23.35
Market Price: $22.47
NAV Change: -$1.25 / -5.23%
Market Price Change: -$1.48 / -6.17%
Median Bid-Ask Spread (30-Day): 0.60%
To

30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.

Performance History

Data as of Invalid Date

Ticker
1-Month
3-Month
YTD
1-Year
3-Year
5-Year
Since Inception (Annualized)
Since Inception (Cumulative)
NAV
Market Price

Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-415-707-3663.
 
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses.

Premium / Discount

Data as of 02/04/2026

NAV
Market Price
Difference
Premium/ Discount
$23.35
$22.47
$0.17
-0.77%
Q1 2026
2026
Days Traded at NAV
Q1 20260
20260
Days Traded at Premium
Q1 20268
20268
Days Traded at Discount
Q1 20263
20263

Proficio Fund Managers

Image

Robert Haber, CFA, MBA

CIO, Founder, Partner, Portfolio Manager
Prior: CIO of Fidelity Investments Canada and Head of Equities for Pyramis Global Advisors, the institutional arm of Fidelity Investments; Founder and Portfolio Manager of Fidelity Canadian Disciplined Equity Fund and Fidelity Canadian Balanced Fund (both of which earned prestigious Lipper Fund Award as the top-performing fund of the decade in their respective categories)
Image

Matthew Wosk, MBA

CEO, Founder, Partner, Portfolio Manager
Prior: Managing Director Equity Division at Credit Suisse, Associate at Goldman Sachs
Image

Sheldon Hanau, MBA

Chief Strategy Officer, Partner, Portfolio Manager
Prior: Director of Research at Wellington Management, Managing Director & Head of U.S. Sales at Credit Suisse
Image

Gregory Burke, CFA

Partner, Portfolio Manager
Prior: Fixed Income Co-op at Wellington Management Company
Image

Reed Malas, CFA 

Senior Research Analyst
Prior: Investment Banking at Deutsche Bank

About BPRO

Fund Details

Data as of 02/05/2026

Ticker

BPRO

Net Assets (AUM)

$96,308,349

Sub-Adviser

Proficio Capital Partners LLC

Fund Type

Equity Securities

Number of Holdings

25

Administrator

Bank of New York Mellon

CUSIP

09174D201

Expense Ratio

0.96%

Marketing Agent

Foreside Fund Services, LLC

ISIN

US09174D2018

Inception Date

January 21, 2026

Legal Counsel

Chapman and Cutler, LLP

Exchange

NYSE Arca

Daily Volume (Shares)

6,494

Auditor

KPMG

Shares Outstanding

4,125,000

Adviser

Bitwise Investment Manager, LLC

Trust Custodian

Bank of New York Mellon

Fund Materials

pdf

Fact Sheet

View
pdf

Prospectus

View
pdf

SAI

View
pdf

Summary Prospectus

View
link

SEC Filings

View
pdf

Bitwise Regional Contacts

View
link

Press Release

View

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