#BitwiseBitcoinETF

#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 net asset value is determined by