#BitwiseBitcoinETF
The Bitwise Bitcoin ETF (ticker BITB) is an exchange-traded product that aims to provide investors with access to the value of Bitcoin without having to own it directly. The fund invests directly in Bitcoin, allowing investors to benefit from the performance of this leading digital currency through traditional brokerage accounts. 
BITB was launched in January 2024, after receiving approval from the U.S. Securities and Exchange Commission (SEC), and is traded on the NYSE Arca. The fund is part of the Bitwise Asset Management product suite, one of the largest cryptocurrency index fund managers in the world. 
The fund’s investment objective is to provide exposure to the value of Bitcoin held by the fund, net of operating expenses. The fund’s net asset value (NAV) is determined using the CME CF Bitcoin Reference Rate - New York Variant (BRRNY) index, which is calculated based on an aggregate of trading flows executed on major Bitcoin exchanges. 
It is important for investors to realize that investing in BITB carries high risks, due to the volatility of the cryptocurrency market. This may result in significant losses or even complete loss of investment. Therefore, investors are advised to conduct the necessary research and understand the potential risks before investing in this fund.