#BitwiseBitcoinETF

The Bitwise Bitcoin ETF (BITB) is an exchange-traded fund (ETF) that provides exposure to the value of bitcoin:

What it does

BITB is a professionally managed ETF that invests directly in bitcoin. It's designed to provide exposure to the value of bitcoin held by the trust, minus the trust's operating expenses and other liabilities.

How it works

BITB is passively managed and values its bitcoin holdings daily based on the CME CF Bitcoin Reference Rate - New York Variant (BRRNY).

Who offers it

BITB is offered by Bitwise Investment Advisors, a digital asset management firm.

How to access it

You can access BITB through a brokerage account.

When it was approved

BITB was one of the first spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission on January 11, 2024.

Bitwise Asset Management, the firm that offers BITB, also filed plans for a new ETF that would invest in public companies that hold bitcoin.