#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.