BITB

Bitwise Bitcoin ETF

BITB provides low-cost access to bitcoin through a professionally managed fund. 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?

Gain exposure to bitcoin, the world's largest* and oldest crypto asset, through one of the world's leading crypto experts. 

BITB is not suitable for all investors. An investment in BITB is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BITB is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not afforded its protections. Please see additional risks and important information below. 

* By market capitalization as of March 31, 2024. 
Learn More
A Six-Year Track Record Managing Crypto Assets

Since our founding, Bitwise has helped a wide range of investors access crypto’s opportunities and manage its risks. We manage your investment using systems built for institutions, from custody and trading to regulation and compliance. 

Partner With a Crypto Specialist

Bitwise’s team of more than 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.

Invest in the Future of Bitcoin

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

Fund Summary

About the BITB Fund

Fund Details

Data as of 07/24/2024

Ticker

BITB

Number of Holdings

1

Administrator

Bank of New York Mellon

Fund Type

ETP

Shares Outstanding

71,060,000

Marketing Agent

Foreside Fund Services, LLC

CUSIP

09174C104

Sponsor Fee*

0.20%

Legal Counsel

Chapman and Cutler, LLP

ISIN

US09174C1045

Inception Date

January 10, 2024

Auditor

KPMG

Exchange

NYSE Arca

Sponsor

Bitwise Investment Advisers, LLC

Trust Custodian

Bank of New York Mellon

Net Assets (AUM)

$2,551,143,024

Daily Volume (Shares)**

2,089,301

Digital Asset Custodian

Coinbase Custody Trust Co., LLC

* 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. If the Trust’s net assets exceed $1 billion, the Sponsor’s Fee charged on assets over $1 billion will be 0.20%. All investors will incur the same Sponsor’s Fee which is the weighted average of those fee rates. After July 11, 2024, the Sponsor’s Fee will be 0.20%.

** Data as of 07/23/2024

Fund Materials

PDF

Fact Sheet

View
PDF

Investment Case

View
PDF

Prospectus

View
PDF

Bitwise Regional Contacts

View

Fund Holdings

Data as of 07/24/2024

Name
Bitcoin in Trust
Market Value
Bitcoin per Share
Weight
Name
BITCOIN
Bitcoin in Trust
38,728.79
Market Value
$2,551,416,730.63
Bitcoin per Share
0.000545
Weight
100%

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

Bitcoin Holding Addresses

Data as of 07/25/2024

...

Premium / Discount

Data as of 07/23/2024

NAV
Market Price
Difference
Premium/ Discount
$35.88
$35.73
$0.15
-0.41%
Q1 2024
Q2 2024
Q3 2024
2024
Days Traded at NAV
Q1 20244
Q2 20242
Q3 20240
20246
Days Traded at Premium
Q1 202428
Q2 202435
Q3 20249
202472
Days Traded at Discount
Q1 202422
Q2 202426
Q3 20247
202455

Net Asset Value (NAV) and Market Price

Data as of 07/23/2024

NAV: $35.88
Market Price: $35.73
NAV Change: -$1.09 / -2.95%
Market Price Change: -$1.48 / -3.98%
Median Bid-Ask Spread (30-Day): 0.03%
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 as of 06/30/2024

3 Months
YTD
1 Year
Since Inception
NAV
3 Months-14.77%
YTD
1 Year
Since Inception31.52%
Market Price
3 Months-15.54%
YTD
1 Year
Since Inception30.64%

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.

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

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