#BitwiseBitcoinETF is an Exchange-Traded Fund (ETF) issued by Bitwise Asset Management, a leading crypto investment firm. The ETF allows investors to buy and sell shares tied to the price of Bitcoin, without having to buy Bitcoin directly.

Launched by Bitwise Asset Management, a company specializing in crypto asset management since 2017, BITB is listed on the NYSE Arca exchange. The fund’s objective is to mirror the value of Bitcoin, minus operating expenses, with a management fee of 0.20% per annum. It should be noted that for the first six months after listing, Bitwise waived this fee on $1 billion in assets under management.

Key Features

1. Listed on the United States Stock Exchange (NYSE Arca).

2. Follow the Bitcoin price index (Bitwise Bitcoin Index).

3. Allows investors to buy and sell shares easily.

4. Offers exposure to Bitcoin without purchasing it directly.

5. Professionally managed by Bitwise.