#BitwiseBitcoinETF The Bitwise Bitcoin ETF (BITB) is an exchange-traded fund that provides low-cost access to bitcoin through a professionally managed fund. It's designed to track the price of bitcoin, allowing investors to gain exposure to the cryptocurrency without directly holding it.¹
Here are some key features of the Bitwise Bitcoin ETF:
- *Investment Objective*: The fund aims to track the price of bitcoin, providing investors with a convenient way to gain exposure to the cryptocurrency.
- *Investment Strategy*: The fund invests directly in bitcoin, using a custodian to hold the assets securely.
- *Fees*: The fund has a management fee of 0.20%, which includes custody charges for holding the fund's assets.
- *Listing*: The fund is listed on the NYSE Arca exchange.
- *Risk Factors*: As with any investment in bitcoin, there are significant risks involved, including price volatility, liquidity risks, and regulatory risks.
It's worth noting that the Bitwise Bitcoin ETF is not suitable for all investors, and an investment in the fund is subject to a high degree of risk. If you're considering investing in the fund, make sure to carefully review the prospectus and understand the risks involved.