#BitwiseBitcoinETF The Bitwise Bitcoin ETF (ticker: BITB) offers investors a straightforward way to gain exposure to Bitcoin through a traditional, professionally managed exchange-traded fund (ETF). Managed by Bitwise Investment Advisers, LLC, the fund invests directly in Bitcoin, aiming to mirror the cryptocurrency's value while accounting for operational expenses.

Key Details about BITB:

Ticker: BITB

Fund Type: Exchange-Traded Product (ETP)

Inception Date: January 10, 2024

Expense Ratio: 0.95%

Administrator: Bank of New York Mellon

Custodian: Fidelity Digital Asset Services, LLC

Number of Holdings: 1 (Bitcoin)

Shares Outstanding: 75,120,000

As of December 26, 2024, the estimated Net Asset Value (NAV) per share was $123.45.

Recent Developments in Bitcoin ETFs:

The cryptocurrency market has seen significant activity in Bitcoin ETFs throughout 2024. Notably, BlackRock's iShares Bitcoin Trust has emerged as a leading fund, surpassing competitors like Grayscale's Bitcoin Trust ETF in assets under management.

Institutional interest in Bitcoin ETFs has grown, with major Wall Street firms and asset managers increasing their holdings. For instance, Goldman Sachs reported substantial positions across multiple Bitcoin ETFs in the second quarter of 2024.