BITB

Bitwise Bitcoin ETF

BITB provides low-cost access to bitcoin through a traditional, professionally managed ETF. Backed by Bitwise’s specialist expertise, deep research, and six-year track record managing crypto assets for leading institutional investors, the fund invests directly in bitcoin and is easily accessible from a brokerage account. Search “BITB” or talk to your financial advisor.

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Why invest in BITB?

Invest directly in bitcoin, one of the best-performing assets in the world over the last decade, through one of the world’s leading crypto experts.*

* For the 10 years ending December 31, 2023, Bitcoin returned 5,486.11%. Past performance is no guarantee of future results.
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A Distinguished Track Record Managing Crypto Assets

For more than six years, Bitwise has helped leading investors access crypto’s opportunities and manage its risks. We use institutional-grade systems to protect your investment, from custody and trading to regulation and compliance.

Partner With a Crypto Specialist

Bitwise’s team of over 60 dedicated professionals focuses solely on crypto, as we have from the beginning. In choosing BITB, investors gain exposure not only to bitcoin but a nationwide team of crypto experts with the tools, insights, and specialized experience to help them navigate the space with confidence.

A Simple Way To Invest in Bitcoin

Bitcoin is a disruptive technology that aims to fundamentally change how we transact and store value. BITB invests in bitcoin directly, providing a convenient solution to the complexities of bitcoin ownership.

Fund Summary

About the BITB Fund

Fund Details

Data as of 02/23/2024
Ticker

BITB

Number of Holdings

1

Administrator

Bank of New York Mellon

Fund Type

ETF

Shares Outstanding

42,400,000

Marketing Agent

Foreside Fund Services, LLC

CUSIP

09174C104

Net Management Fee*

0%

Legal Counsel

Chapman and Cutler, LLP

ISIN

US09174C1045

Gross Management Fee*

0.20%

Auditor

KPMG

Exchange

NYSE Arca

Inception Date

January 10, 2024

Trust Custodian

Bank of New York Mellon

Net Assets (AUM)

$1,180,337,297

Sponsor

Bitwise Investment Advisers, LLC

Digital Asset Custodian

Coinbase Custody Trust Co., LLC

Daily Volume (Shares)**

1,096,290

* For a six-month period commencing on the day the Shares are initially listed on the Exchange, the Sponsor has agreed to waive the entire Sponsor Fee on the first $1 billion of Trust assets. 

** Data as of 02/22/2024

Fund Materials

PDF
Fact Sheet
View
PDF
Investment Case
View
PDF
Prospectus
View
PDF
Bitwise Regional Contacts
View

Fund Holdings

Data as of 02/23/2024
Name
Bitcoin in Trust
Market Value
Bitcoin per Share
Weight
Name
BITCOIN
Bitcoin in Trust
23,117.54
Market Value
$1,180,347,176.81
Bitcoin per Share
0.000545
Weight
100%

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

Premium / Discount

Data as of 02/22/2024
NAV
Market Price
Difference
Premium/ Discount
$28.23
$28.42
$0.19
0.67%
Q1 2024
2024
Days Traded at NAV
Q1 20243
20243
Days Traded at Premium
Q1 202415
202415
Days Traded at Discount
Q1 202411
202411

Net Asset Value (NAV) and Market Price

Data as of 02/22/2024
NAV: $28.23
Market Price: $28.42
NAV Change: $0.40 / 1.44%
Market Price Change: $0.60 / 2.16%
Median Bid-Ask Spread (30-Day): 0.04%
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.

BITB Quarter-End Performance

Data pending

YTD
3 Months
1 Year
Since Inception
NAV
YTD
3 Months
1 Year
Since Inception
Market Price
YTD
3 Months
1 Year
Since Inception

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 1-866-880-7228.
 
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. Shares are subject to a 0.20% management fee that includes the custody charges for holding the fund’s assets charged by the custodian, as well as customary fees and expenses of the fund administrator and auditor. For a six-month period commencing on the day the Shares are initially listed on the Exchange, the Sponsor has agreed to waive the entire Sponsor Fee on the first $1 billion of Trust assets.

Distributions

Month
Notice Date
Ex Date
Record Date
Pay Date
Ordinary Income
Long-term Capital Gains
Short-term Capital Gains
No Distributions

Learn more about the Bitwise Bitcoin ETF (BITB) today.

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