#BitwiseBitcoinEFT The Bitwise Bitcoin ETF (BITB) is a professionally managed fund that provides low-cost access to bitcoin through a traditional investment vehicle. It's designed to track the price of bitcoin, allowing investors to gain exposure to the cryptocurrency without having to directly hold or manage it.
Here are some key features of the Bitwise Bitcoin ETF:
- Investment Objective: The fund aims to track the price of bitcoin, providing investors with exposure to the cryptocurrency.
- Structure: The fund is an exchange-traded fund (ETF) listed on the NYSE Arca, making it easily accessible through brokerage accounts.
- Fees: The fund has a management fee of 0.20%, which includes custody charges and other expenses.
- Risk Factors: As with any investment in bitcoin, there are risks involved, including market volatility, regulatory uncertainty, and security risks.
It's worth noting that the Bitwise Bitcoin ETF is not the same as the Bitwise Bitcoin Fund, which is a private placement fund available to accredited investors.
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