{
 "generated_at": "2026-10-17T04:50:41Z",
 "snapshot_date": "2026-10-15",
 "method": {
  "realized": "annualized = (coins_per_share_last / coins_per_share_first)^(365/days) − 1, over the latest window with no single-interval move beyond ±10% (treated as a split/corporate action). Staking funds are measured from the first point after staking began.",
  "expected": "non-staking: −fee. Staking with issuer-published parameters: net reward × % staked − fee (unless the issuer's net figure is already after fees). Staking without published parameters: −fee, so the gap equals the implied staking contribution.",
  "sources": "Quarter-end points from SEC 10-Q/10-K (Schedule of Investments ÷ shares outstanding); current points from issuer pages. Derived (NAV-based) rows are excluded.",
  "confidence": "established ≥300 days & ≥4 points; developing ≥150 days & ≥3 points; otherwise early."
 },
 "control_group_check": {
  "description": "Non-staking spot ETFs should realize ≈ −fee. Error = realized + fee (percentage points).",
  "rows": [
   {
    "ticker": "IBIT",
    "fee_pct": 0.25,
    "realized_annualized_pct": -0.21,
    "error_pct_points": 0.04
   },
   {
    "ticker": "FBTC",
    "fee_pct": 0.25,
    "realized_annualized_pct": -0.26,
    "error_pct_points": -0.01
   },
   {
    "ticker": "GBTC",
    "fee_pct": 1.5,
    "realized_annualized_pct": -1.49,
    "error_pct_points": 0.01
   }
  ]
 },
 "funds": [
  {
   "key": "BSOL",
   "ticker": "BSOL",
   "name": "Bitwise Solana Staking ETF",
   "issuer": "Bitwise",
   "asset": "SOL",
   "type": "spot_etf",
   "staking": true,
   "fee_pct": 0.2,
   "distributes_rewards": false,
   "staking_since": "2025-10-23",
   "points": 4,
   "flags": [],
   "intervals": [
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": 1.927,
     "annualized_pct": 8.05,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": 1.374,
     "annualized_pct": 5.63,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-13",
     "days": 105,
     "change_pct": 1.598,
     "annualized_pct": 5.67,
     "flag": null
    }
   ],
   "window": {
    "from": "2025-12-31",
    "to": "2026-10-13",
    "days": 286,
    "points": 4,
    "from_ratio": 0.1315546,
    "to_ratio": 0.13810517,
    "from_source": "sec_filing",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": 4.979,
   "realized_annualized_pct": 6.4,
   "expected_annualized_pct": 5.2,
   "expected_basis": "issuer_stated",
   "stated_params": {
    "net_reward_pct": 5.4,
    "gross_reward_pct": 5.74,
    "staked_pct": 100.0,
    "as_of": "2026-10-13",
    "source": "https://bsoletf.com/",
    "note": "Bitwise: 'Net Staking Reward Rate' 5.40%, 'Current Percentage of Assets Staked' 100%."
   },
   "gap_pct": 1.2,
   "implied_staking_contribution_pct": 6.6,
   "confidence": "developing",
   "from_filings": [
    {
     "period_end": "2026-03-31",
     "staking_rewards_coins_ytd": 93964.5125,
     "sponsor_fee_coins_ytd": 1052.9998,
     "url": "https://www.sec.gov/Archives/edgar/data/2045872/000119312526209326/bsol-20260331.htm"
    },
    {
     "period_end": "2026-06-30",
     "staking_rewards_coins_ytd": 202823.8023,
     "sponsor_fee_coins_ytd": 4874.6942,
     "url": "https://www.sec.gov/Archives/edgar/data/2045872/000119312526340160/bsol-20260630.htm"
    }
   ],
   "verdict": "BSOL's SOL per share went from 0.131555 on 2025-12-31 to 0.138105 on 2026-10-13 (+4.98% over 286 days, +6.40% annualized). The issuer's stated parameters imply about +5.20% a year net of the 0.20% fee; the measured +6.40% is +1.20 points above that."
  },
  {
   "key": "GSOL",
   "ticker": "GSOL",
   "name": "Grayscale Solana Staking ETF",
   "issuer": "Grayscale",
   "asset": "SOL",
   "type": "spot_etf",
   "staking": true,
   "fee_pct": 0.35,
   "distributes_rewards": false,
   "staking_since": "2025-10-06",
   "points": 6,
   "flags": [
    "Measured from 2025-12-31, the first point after staking began (2025-10-06); earlier points reflect the pre-staking structure."
   ],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-09-30",
     "days": 273,
     "change_pct": -1.853,
     "annualized_pct": -2.47,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": 1.013,
     "annualized_pct": 4.08,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": 1.324,
     "annualized_pct": 5.48,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": 1.128,
     "annualized_pct": 4.6,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-14",
     "days": 106,
     "change_pct": 0.697,
     "annualized_pct": 2.42,
     "flag": null
    }
   ],
   "window": {
    "from": "2025-12-31",
    "to": "2026-10-14",
    "days": 287,
    "points": 4,
    "from_ratio": 0.073366052,
    "to_ratio": 0.07570014,
    "from_source": "sec_filing",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": 3.181,
   "realized_annualized_pct": 4.06,
   "expected_annualized_pct": -0.35,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": 4.41,
   "implied_staking_contribution_pct": 4.41,
   "confidence": "developing",
   "verdict": "GSOL's SOL per share went from 0.0733661 on 2025-12-31 to 0.0757001 on 2026-10-14 (+3.18% over 287 days, +4.06% annualized). After the 0.35% fee this implies staking is adding roughly +4.41% a year in SOL per share."
  },
  {
   "key": "ETHE_MINI",
   "ticker": "ETH",
   "name": "Grayscale Ethereum Staking Mini ETF",
   "issuer": "Grayscale",
   "asset": "ETH",
   "type": "spot_etf",
   "staking": true,
   "fee_pct": 0.15,
   "distributes_rewards": false,
   "staking_since": "2025-10",
   "points": 6,
   "flags": [
    "Measured from 2025-12-31, the first point after staking began (2025-10); earlier points reflect the pre-staking structure."
   ],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-09-30",
     "days": 273,
     "change_pct": -0.103,
     "annualized_pct": -0.14,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": 0.313,
     "annualized_pct": 1.25,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": 0.374,
     "annualized_pct": 1.53,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": 0.423,
     "annualized_pct": 1.71,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-14",
     "days": 106,
     "change_pct": 0.207,
     "annualized_pct": 0.72,
     "flag": null
    }
   ],
   "window": {
    "from": "2025-12-31",
    "to": "2026-10-14",
    "days": 287,
    "points": 4,
    "from_ratio": 0.0094427674,
    "to_ratio": 0.00953787,
    "from_source": "sec_filing",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": 1.007,
   "realized_annualized_pct": 1.28,
   "expected_annualized_pct": -0.15,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": 1.43,
   "implied_staking_contribution_pct": 1.43,
   "confidence": "developing",
   "verdict": "ETH's ETH per share went from 0.00944277 on 2025-12-31 to 0.00953787 on 2026-10-14 (+1.01% over 287 days, +1.28% annualized). After the 0.15% fee this implies staking is adding roughly +1.43% a year in ETH per share."
  },
  {
   "key": "IBIT",
   "ticker": "IBIT",
   "name": "iShares Bitcoin Trust ETF",
   "issuer": "BlackRock",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.25,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 7,
   "flags": [],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-06-30",
     "days": 181,
     "change_pct": -0.124,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-06-30",
     "to": "2025-09-30",
     "days": 92,
     "change_pct": -0.062,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": -0.064,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": -0.07,
     "annualized_pct": -0.28,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": -0.065,
     "annualized_pct": -0.26,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-13",
     "days": 105,
     "change_pct": 0.019,
     "annualized_pct": 0.07,
     "flag": null
    }
   ],
   "window": {
    "from": "2024-12-31",
    "to": "2026-10-13",
    "days": 651,
    "points": 7,
    "from_ratio": 0.00056872965,
    "to_ratio": 0.00056664789,
    "from_source": "sec_filing_comparative",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": -0.366,
   "realized_annualized_pct": -0.21,
   "expected_annualized_pct": -0.25,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": 0.04,
   "implied_staking_contribution_pct": null,
   "confidence": "established",
   "verdict": "IBIT's BTC per share went from 0.00056873 on 2024-12-31 to 0.000566648 on 2026-10-13 (-0.37% over 651 days, -0.21% annualized). With no staking and a 0.25% fee, the expected rate is -0.25%; the measured -0.21% confirms the fund is doing exactly what its fee implies."
  },
  {
   "key": "VSOL",
   "ticker": "VSOL",
   "name": "VanEck Solana ETF",
   "issuer": "VanEck",
   "asset": "SOL",
   "type": "spot_etf",
   "staking": true,
   "fee_pct": 0.3,
   "distributes_rewards": true,
   "staking_since": "2025-10-30",
   "points": 4,
   "flags": [
    "Staking rewards are paid out as cash distributions; coins-per-share steps down at each payout, so this figure understates total return to a shareholder."
   ],
   "intervals": [
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": 1.445,
     "annualized_pct": 5.99,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": 1.078,
     "annualized_pct": 4.39,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-13",
     "days": 105,
     "change_pct": -2.67,
     "annualized_pct": -8.98,
     "flag": null
    }
   ],
   "window": {
    "from": "2025-12-31",
    "to": "2026-10-13",
    "days": 286,
    "points": 4,
    "from_ratio": 0.13015981,
    "to_ratio": 0.1299,
    "from_source": "sec_filing",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": -0.2,
   "realized_annualized_pct": -0.25,
   "expected_annualized_pct": 4.14,
   "expected_basis": "issuer_stated",
   "stated_params": {
    "net_reward_pct": 4.14,
    "gross_reward_pct": 4.35,
    "staked_pct": 75.01,
    "fund_level": true,
    "after_fees": true,
    "as_of": "2026-10-14",
    "source": "https://www.vaneck.com/us/en/investments/solana-etf-vsol/",
    "note": "VanEck: 'Net Staking Yield' 4.14% is expressed as a percentage of total net assets (staked and unstaked) after fees, so it is used as-is. 'Percentage Staked' 75.01%. Rewards are distributed in cash, not retained."
   },
   "gap_pct": -4.39,
   "implied_staking_contribution_pct": 0.05,
   "confidence": "developing",
   "verdict": "VSOL's SOL per share went from 0.13016 on 2025-12-31 to 0.1299 on 2026-10-13 (-0.20% over 286 days, -0.25% annualized). This fund stakes but pays rewards out in cash, so the per-share coin count does not compound; the drop at each distribution is the payout, not a loss."
  },
  {
   "key": "FBTC",
   "ticker": "FBTC",
   "name": "Fidelity Wise Origin Bitcoin Fund",
   "issuer": "Fidelity",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.25,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 7,
   "flags": [],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-06-30",
     "days": 181,
     "change_pct": -0.125,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-06-30",
     "to": "2025-09-30",
     "days": 92,
     "change_pct": -0.062,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": -0.062,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": -0.063,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": -0.062,
     "annualized_pct": -0.25,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-14",
     "days": 106,
     "change_pct": -0.083,
     "annualized_pct": -0.29,
     "flag": null
    }
   ],
   "window": {
    "from": "2024-12-31",
    "to": "2026-10-14",
    "days": 652,
    "points": 7,
    "from_ratio": 0.00087375295,
    "to_ratio": 0.00086976,
    "from_source": "sec_filing_comparative",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": -0.457,
   "realized_annualized_pct": -0.26,
   "expected_annualized_pct": -0.25,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": -0.01,
   "implied_staking_contribution_pct": null,
   "confidence": "established",
   "verdict": "FBTC's BTC per share went from 0.000873753 on 2024-12-31 to 0.00086976 on 2026-10-14 (-0.46% over 652 days, -0.26% annualized). With no staking and a 0.25% fee, the expected rate is -0.25%; the measured -0.26% confirms the fund is doing exactly what its fee implies."
  },
  {
   "key": "GBTC",
   "ticker": "GBTC",
   "name": "Grayscale Bitcoin Trust ETF",
   "issuer": "Grayscale",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 1.5,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 7,
   "flags": [],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-06-30",
     "days": 181,
     "change_pct": -0.741,
     "annualized_pct": -1.49,
     "flag": null
    },
    {
     "from": "2025-06-30",
     "to": "2025-09-30",
     "days": 92,
     "change_pct": -0.378,
     "annualized_pct": -1.49,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": -0.377,
     "annualized_pct": -1.49,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": -0.369,
     "annualized_pct": -1.49,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": -0.373,
     "annualized_pct": -1.49,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-14",
     "days": 106,
     "change_pct": -0.435,
     "annualized_pct": -1.49,
     "flag": null
    }
   ],
   "window": {
    "from": "2024-12-31",
    "to": "2026-10-14",
    "days": 652,
    "points": 7,
    "from_ratio": 0.00079319861,
    "to_ratio": 0.00077222285,
    "from_source": "sec_filing_comparative",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": -2.644,
   "realized_annualized_pct": -1.49,
   "expected_annualized_pct": -1.5,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": 0.01,
   "implied_staking_contribution_pct": null,
   "confidence": "established",
   "verdict": "GBTC's BTC per share went from 0.000793199 on 2024-12-31 to 0.000772223 on 2026-10-14 (-2.64% over 652 days, -1.49% annualized). With no staking and a 1.50% fee, the expected rate is -1.50%; the measured -1.49% confirms the fund is doing exactly what its fee implies."
  },
  {
   "key": "ETHE",
   "ticker": "ETHE",
   "name": "Grayscale Ethereum Staking ETF",
   "issuer": "Grayscale",
   "asset": "ETH",
   "type": "spot_etf",
   "staking": true,
   "fee_pct": 2.5,
   "distributes_rewards": false,
   "staking_since": "2025-10",
   "points": 6,
   "flags": [
    "Measured from 2025-12-31, the first point after staking began (2025-10); earlier points reflect the pre-staking structure."
   ],
   "intervals": [
    {
     "from": "2024-12-31",
     "to": "2025-09-30",
     "days": 273,
     "change_pct": -1.853,
     "annualized_pct": -2.47,
     "flag": null
    },
    {
     "from": "2025-09-30",
     "to": "2025-12-31",
     "days": 92,
     "change_pct": -0.229,
     "annualized_pct": -0.91,
     "flag": null
    },
    {
     "from": "2025-12-31",
     "to": "2026-03-31",
     "days": 90,
     "change_pct": -0.892,
     "annualized_pct": -3.57,
     "flag": null
    },
    {
     "from": "2026-03-31",
     "to": "2026-06-30",
     "days": 91,
     "change_pct": -0.609,
     "annualized_pct": -2.42,
     "flag": null
    },
    {
     "from": "2026-06-30",
     "to": "2026-10-14",
     "days": 106,
     "change_pct": -0.825,
     "annualized_pct": -2.81,
     "flag": null
    }
   ],
   "window": {
    "from": "2025-12-31",
    "to": "2026-10-14",
    "days": 287,
    "points": 4,
    "from_ratio": 0.008210148,
    "to_ratio": 0.00802066,
    "from_source": "sec_filing",
    "to_source": "weekly_snapshot"
   },
   "cumulative_change_pct": -2.308,
   "realized_annualized_pct": -2.93,
   "expected_annualized_pct": -2.5,
   "expected_basis": "fee_only",
   "stated_params": null,
   "gap_pct": -0.43,
   "implied_staking_contribution_pct": -0.43,
   "confidence": "developing",
   "from_filings": [
    {
     "period_end": "2025-09-30",
     "staking_rewards_coins_ytd": null,
     "sponsor_fee_coins_ytd": 59535.28415088,
     "url": "https://www.sec.gov/Archives/edgar/data/1725210/000119312525266935/ethe-20250930.htm"
    },
    {
     "period_end": "2025-12-31",
     "staking_rewards_coins_ytd": null,
     "sponsor_fee_coins_ytd": 75001.9237292,
     "url": "https://www.sec.gov/Archives/edgar/data/1725210/000119312526071965/ethe-20251231.htm"
    },
    {
     "period_end": "2026-03-31",
     "staking_rewards_coins_ytd": null,
     "sponsor_fee_coins_ytd": 8070.8979626,
     "url": "https://www.sec.gov/Archives/edgar/data/1725210/000119312526214610/ethe-20260331.htm"
    },
    {
     "period_end": "2026-06-30",
     "staking_rewards_coins_ytd": null,
     "sponsor_fee_coins_ytd": 15229.93845663,
     "url": "https://www.sec.gov/Archives/edgar/data/1725210/000172521026000016/ethe-20260630.htm"
    }
   ],
   "verdict": "ETHE's ETH per share went from 0.00821015 on 2025-12-31 to 0.00802066 on 2026-10-14 (-2.31% over 287 days, -2.93% annualized). That is close to or below the 2.50% fee alone, so retained staking rewards are not visibly offsetting the fee yet."
  },
  {
   "key": "GBTC_MINI",
   "ticker": "BTC",
   "name": "Grayscale Bitcoin Mini Trust ETF",
   "issuer": "Grayscale",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.15,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "BITB",
   "ticker": "BITB",
   "name": "Bitwise Bitcoin ETF",
   "issuer": "Bitwise",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.2,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "ARKB",
   "ticker": "ARKB",
   "name": "ARK 21Shares Bitcoin ETF",
   "issuer": "ARK / 21Shares",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.21,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "HODL",
   "ticker": "HODL",
   "name": "VanEck Bitcoin ETF",
   "issuer": "VanEck",
   "asset": "BTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.2,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "MSTR",
   "ticker": "MSTR",
   "name": "Strategy, Inc.",
   "issuer": "Strategy",
   "asset": "BTC",
   "type": "treasury_company",
   "staking": false,
   "fee_pct": null,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "ETHA",
   "ticker": "ETHA",
   "name": "iShares Ethereum Trust ETF",
   "issuer": "BlackRock",
   "asset": "ETH",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.25,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "FETH",
   "ticker": "FETH",
   "name": "Fidelity Ethereum Fund",
   "issuer": "Fidelity",
   "asset": "ETH",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.25,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "LTCC",
   "ticker": "LTCC",
   "name": "Canary Litecoin ETF",
   "issuer": "Canary Capital",
   "asset": "LTC",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.95,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 0,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "LITS",
   "ticker": "LITS",
   "name": "Lite Strategy, Inc.",
   "issuer": "Lite Strategy",
   "asset": "LTC",
   "type": "treasury_company",
   "staking": false,
   "fee_pct": null,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "PURR",
   "ticker": "PURR",
   "name": "Hyperliquid Strategies Inc.",
   "issuer": "Hyperliquid Strategies",
   "asset": "HYPE",
   "type": "treasury_company",
   "staking": true,
   "fee_pct": null,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "XRPC",
   "ticker": "XRPC",
   "name": "Canary XRP ETF",
   "issuer": "Canary Capital",
   "asset": "XRP",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.5,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 0,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "XRPZ",
   "ticker": "XRPZ",
   "name": "Franklin XRP ETF",
   "issuer": "Franklin Templeton",
   "asset": "XRP",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.19,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  },
  {
   "key": "XRPB",
   "ticker": "XRP",
   "name": "Bitwise XRP ETF",
   "issuer": "Bitwise",
   "asset": "XRP",
   "type": "spot_etf",
   "staking": false,
   "fee_pct": 0.34,
   "distributes_rewards": false,
   "staking_since": null,
   "points": 1,
   "flags": [],
   "intervals": [],
   "confidence": "insufficient",
   "realized_annualized_pct": null,
   "expected_annualized_pct": null,
   "gap_pct": null,
   "note": "Fewer than two dated, issuer-reported points so far; accrues one point per weekly snapshot."
  }
 ]
}