The Bitwise Bitcoin ETF is an exchange-traded product that offers investors exposure to Bitcoin through a traditional brokerage account. Launched on January 10, 2024, the fund is managed by Bitwise Asset Management, a firm specializing in crypto asset management since 2017.
BITB invests directly in Bitcoin, aiming to mirror the cryptocurrency's performance, minus the fund's operational expenses. This structure provides investors with a straightforward method to gain Bitcoin exposure without the complexities of direct ownership, such as managing digital wallets or private keys.
As of December 27, 2024, the fund holds 74,420,000 shares outstanding, with Bank of New York Mellon serving as the administrator.
It's important to note that investing in BITB carries significant risks due to Bitcoin's inherent volatility. Potential investors should carefully consider these risks and consult with a financial advisor to determine if such an investment aligns with their financial goals and risk tolerance.
Bitwise Bitcoin ETF (BITB)
