#BitwiseBitcoinETF

The Bitwise Bitcoin ETF (ticker: BITB) is an exchange-traded fund that offers investors direct exposure to Bitcoin through a traditional investment vehicle. Launched on January 11, 2024, by Bitwise Asset Management, BITB allows investors to gain Bitcoin exposure without the complexities of managing digital wallets or dealing with cryptocurrency exchanges. 

Key Features of BITB:

• Management Fee: BITB charges a competitive management fee of 0.20%, which is among the lowest for spot Bitcoin ETFs. Notably, the fee was set to 0% for the first six months on the initial $1 billion in assets. 

• Custody and Security: The fund utilizes reputable service providers, including Coinbase Custody Trust Company as the digital asset custodian, ensuring secure storage of Bitcoin holdings. 

• Accessibility: Investors can purchase shares of BITB through standard brokerage accounts, providing a straightforward method to include Bitcoin in their investment portfolios.

• Performance: As of December 6, 2024, BITB traded at $55.15 per share, reflecting the performance of Bitcoin in the market. 

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