#BitwiseBitcoinETF
The Bitwise Bitcoin ETF (ticker: BITB) is an exchange-traded fund that offers investors exposure to Bitcoin through a traditional brokerage account. Managed by Bitwise Asset Management, a firm specializing in cryptocurrency investments, the ETF seeks to mirror the value of Bitcoin held by the trust, minus operational expenses.
As of December 28, 2024, BITB is trading at $51.42 per share, reflecting a slight decrease of 1.10% from the previous close.
The fund's annual management fee is 0.20%, which covers various operational costs. For the first six months following its listing, the sponsor waived this fee on the initial $1 billion of assets to attract investors.
In addition to BITB, Bitwise offers a range of cryptocurrency investment products, including the Bitwise Bitcoin Fund, designed for accredited investors seeking direct exposure to Bitcoin.
Investing in cryptocurrency-related funds like BITB carries inherent risks due to the volatility of digital assets. Potential investors should conduct thorough research and consider their risk tolerance before investing.
