Smart Bitcoin ETF Units (NZBTCE0001S9) - Seasonality

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Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Probability %	50%	100%	100%	100%	100%	100%	100%	100%	100%	100%	50%	50%
Average return %	+1.55%	-20.55%	-0.31%	+11.60%	+10.96%	+0.51%	+11.59%	-5.87%	+3.84%	-3.93%	+9.17%	-2.29%
2026	-9.39%	-18.39%	+2.05%	--	--	--	--	--	--	--	--	--
2025	+12.50%	-22.71%	-0.31%	+11.60%	+10.96%	+0.51%	+11.59%	-5.87%	+3.84%	-3.93%	-16.59%	-4.84%
2024	--	--	--	--	--	--	--	--	--	--	+34.93%	+0.27%

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Weekly average

Monthly average