#BitwiseBitcoinETF

BitwiseBitcoinETF

Bitwise launched the Bitcoin ETF (BITB) on NYSE Arca, offering investors a low-cost, professionally managed bitcoin investment vehicle. **Key Features**:

- **Management Fee**: 0.20%, waived for first six months on initial $1 billion assets

- **Custodian**: Coinbase Custody Trust Company

- **Administrator**: Bank of New York Mellon

- **Auditor**: KPMG

**Unique Aspects**:

- Bitwise donates 10% of BITB's profits to Bitcoin open-source development organizations

- Preferred investment method for 64% of financial advisors

- Part of Bitwise's suite of 19 crypto investment products

**Important Considerations**:

- Suitable for accredited investors seeking bitcoin exposure

- Potential risks include bitcoin market volatility and regulatory changes

- Net Asset Value (NAV) as of December 26, 2024: $3,908,302,101

The ETF provides a convenient way to invest in bitcoin without directly managing cryptocurrency assets.

#CryptoETFMania #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 $BTC $ETH $SOL