#BitwiseBitcoinETF

The hashtag # BitwiseBitcoinETF refers to the Bitwise Bitcoin Exchange-Traded Fund (ETF), a financial product that allows investors to gain exposure to Bitcoin without directly owning the cryptocurrency Managed by Bitwise Asset Management, this ETF trades under the ticker symbol BITB.

In January 2024, Bitwise announced a commitment to allocate 10% of the profits from BITB to support Bitcoin's development over the next decade. The beneficiaries of this initiative include organizations such as BitcoinBrink, OpenSats, and the Human Rights Foundation, all of which play significant roles in advancing Bitcoin technology and promoting financial inclusivity

Additionally, Bitwise has taken steps to enhance transparency by publicly disclosing the Bitcoin addresses associated with its ETF holdings. This move allows anyone to verify BITB's holdings and transactions directly on the blockchain, aligning with Bitcoin's ethos of openness and trust.

These initiatives underscore Bitwise's dedication to fostering innovation, transparency, and sustainability within the Bitcoin ecosystem.