BTC vs. PIFI ETF Comparison

Comparison of Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (BTC) to ClearShares Piton Intermediate Fixed income ETF (PIFI)

BTC

Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest

BTC Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.05

Average Daily Volume

2,163,401

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

PIFI

ClearShares Piton Intermediate Fixed income ETF

PIFI Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.05

Average Daily Volume

1,684

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	BTC	PIFI
30 Days	49.83%	-0.46%
60 Days	57.04%	-2.10%
90 Days	55.93%	-1.17%
12 Months		4.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in BTC	Weight in PIFI	Overlap
	OPER	A	3.12%	3.1%	3.1%

BTC Overweight 0 Positions Relative to PIFI

	Symbol	Grade	Weight

BTC Underweight 0 Positions Relative to PIFI

	Symbol	Grade	Weight

BTC: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF

PIFI: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF