#BitwiseBitcoinETF

Let's discuss the Bitwise Bitcoin ETF.
#BITB #Bitwise
Bitwise Bitcoin ETF uses abbreviation as BITB for its 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.
Daily average Volume (Shares)* 1,545,258
(Data from its website)

What's your view about the ETF ?

So let's start a healthy discussion.

$BTC #CryptoETFMania

Exciting news for crypto investors! 🚀 Bitwise has launched the Bitwise Bitcoin ETF (BITB), offering low-cost direct exposure to Bitcoin through traditional brokerage accounts. With a management fee of just 0.20% – with a 0% waiver for the first six months – BITB is the most affordable Bitcoin ETF available. This move marks a major milestone in making Bitcoin investing more accessible to everyone. Stay tuned and consider how BITB could fit into your strategy
#BITB

#BitwiseBitcoinETF The Bitwise Bitcoin ETF “BITB” is a U.S.-based exchange-traded fund that provides investors with exposure to Bitcoin by holding the cryptocurrency directly. Launched in 2024, it has attracted significant interest, contributing to the mainstream acceptance of Bitcoin. The ETF allows investors to gain Bitcoin exposure without the complexities of direct ownership, such as managing digital wallets or private keys. BITB is trading at $51.42 per share, reflecting Bitcoin’s price volatility. The fund’s performance is closely tied to Bitcoin’s market movements, offering a convenient option for those seeking to invest in cryptocurrency through traditional financial markets. #BITB

Bitwise Bitcoin ETF (BITB)

$51.42 (-1.12%) December 27 at 4:00:00 PM EST

BITB launched by Bitwise Asset Management was listed on NYSE and value calculated using the CME CF Bitcoin reference rate has recently proposed an Exchange Traded Fund (ETF)

Recently, the fund submitted an application to the U.S Securities and Exchange Commission (SEC) for a "Bitcoin Standard" Company ETF to provide exposure to companies with the following conditions to adopt the standard.

a. $1,000 BTC value
b. $100 million market caputalization
c. Daily Liquidity of $1,000,000
d. Keep private 10% of their stock

Example,

MicroStrategy owns 444,262 BTC, would dominate the fund, even though Tesla, with its 9,720 BTC, has a much larger market cap.
To ensure balance, no single holding can exceed 25% of the ETF.

$BTC #BitwiseBitcoinETF #BTC #bitb

BlackRock IBIT had a trading volume of $661 million on April 23, while Grayscale GBTC had a volume of $224 million.

On April 23, the trading volume of Bitcoin spot ETFs was as follows:

BlackRock IBIT: $661 million

Grayscale GBTC: $224 million

Fidelity FBTC: $233 million

ProShares BITO: $170 million

ARKB: $61.53 million

BITB: $60.51 million
$BTC #gbtc #FBTC #ProShares #bitb

Yesterday's US Spot Bitcoin ETF Funding Overview

Yesterday (May 9), the spot Bitcoin ETF GBTC had a net outflow of 700 bitcoins, equivalent to about 43 million US dollars; ARKB had a net inflow of 4.5 million US dollars; BITB had a net inflow of 7 million US dollars, and EZBC had an inflow of 2 million US dollars.

Update: FBTC had a net inflow of 3 million US dollars, and BTCO had a net inflow of 2 million US dollars. $BTC #etf上线 #gbtc #ARKB #bitb #ezbc

On May 8, the inflow of US spot Bitcoin ETF exceeded 12 million US dollars

On May 8, BITB had a net inflow of 12 million US dollars. Combining all data, the inflow of US spot Bitcoin ETF on May 8 exceeded 12 million US dollars. $BTC #btc走勢 #etf上线 #bitb

According to on-chain analyst Ember, it is expected that after the opening of the U.S. stock market tonight, the custodial address of the BTC ETF will have a net outflow of about 2,706 BTC. Specifically, Grayscale (GBTC), Ark Invest (ARKB), and Bitwise (BITB) will have an outflow of about 3,003 BTC, while BlackRock (IBIT) will have an inflow of about 297 BTC. As of now, there are eleven BTC spot ETFs, holding a total of 839,596 BTC, worth about US$51.21 billion.
#BTC🔥🔥🔥🔥🔥🔥 $BTC #ARKB #bitb #灰度

🤙It seems that the ETF market is full of smart money. The more it goes up, the more it buys, and when it goes down, it buys less.

100X community news:
Spot Bitcoin ETF trading day 14: BITB inflows $18 million, ARKB inflows $15 million

On February 1, Bloomberg ETF analyst James Seyffart posted on social platforms that on the 14th trading day of the spot Bitcoin ETF, BITB had an inflow of US$18 million and ARKB had an inflow of US$15 million. In addition, GBTC saw an outflow of $188 million, the smallest outflow on any day except the first trading day on January 11.

#ARKB #bitb #etf $BTC

The total net inflow of the US Bitcoin spot ETF yesterday was $11.5409 million, and the ETF net asset ratio reached 4.25%

Yesterday (May 8, Eastern Time), the total net inflow of the US Bitcoin spot ETF was $11.5409 million. Yesterday, the Grayscale ETF GBTC had a net outflow of $0.00 per day, and the current historical net outflow of GBTC is $17.487 billion.

The Bitcoin spot ETF with the largest net inflow yesterday was Bitwise ETF BITB, with a net inflow of $11.5409 million per day, and the current historical total net inflow of BITB reached $1.758 billion. As of press time, the total net asset value of the Bitcoin spot ETF was $51.504 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 4.25%, and the historical cumulative net inflow has reached $11.774 billion. $BTC #btc走勢 #etf上线 #gbtc #bitb

JUST IN: BITWISE'S $BITB BITCOIN ETF HIGHEST DAILY INFLOWS SINCE FEBRUARY 15 AND THIRD HIGHEST INFLOW EVER 🟢

$BITB: $100.2M

➡️ ETF Tracker: https://www.tradingdigits.io/crypto-etf-tracker

#bitb #BitwiseBitcoinETF #Bitwise

Data: Grayscale GBTC net outflow of $43 million on May 9

On May 10, Grayscale GBTC net outflow of $43 million, Bitwise BITB inflow of $7 million, ARKB inflow of $4.5 million, Franklin EZBC inflow of $2 million. #gbtc #Bitwise #bitb #ARKB #ezbc

Grayscale GBTC net inflow of $4 million on May 6

The capital inflow data on May 6 shows:

Grayscale GBTC net inflow for two consecutive days, reaching $4 million

ARKB capital inflow reached $76 million

Bitwise BITB and Franklin EZBC each inflowed $2 million
#gbtc #ARK策略 #Bitwise #bitb #ezbc

On April 22, BlackRock IBIT's trading volume was $1.12 billion, Grayscale GBTC was $441 million

The Bitcoin spot ETF trading volume data on April 22 is as follows:

BlackRock IBIT $1.12 billion,

Grayscale GBTC $441 million,

Fidelity FBTC $375 million,

ProShares BITO $280 million,

ARKB $104 million,

BITB $55.72 million.
#gbtc #FBTC #ARKB #bitb

Grayscale GBTC had a net outflow of $130 million on April 24

According to news on April 25, Grayscale GBTC had a net outflow of $130 million on April 24, Bitwise BITB and Franklin EZBC had no inflow/outflow, and ARKB had an inflow of $4 million. #gbtc #Bitwise #bitb #ezbc