#BitwiseBitcoinETF
The Bitwise Bitcoin ETF (ticker: BITB) offers investors exposure to Bitcoin through a traditional exchange-traded fund. As of December 28, 2024, BITB is trading at approximately $51.42 per share, reflecting a slight decrease of about 1.1% from the previous close. citeturn0search2
In recent developments, Bitwise has proposed a new ETF based on its 10 Crypto Index Fund, which allocates 75.1% to Bitcoin, 16.5% to Ethereum (ETH), and 4.3% to Solana (SOL), offering investors diversified crypto exposure. citeturn0search4
Additionally, Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. This fund aims to invest in companies that adopt the Bitcoin standard, requiring them to hold at least 1,000 BTC in their reserves. Reports suggest that over 20 companies, including leading Bitcoin mining firms, may be included in this ETF. citeturn0search0
Analysts, including Bitwise's Chief Investment Officer, have indicated the potential for Bitcoin to reach new all-time highs, possibly in the $80,000 to $90,000 range, driven by factors such as increased institutional adoption and favorable market conditions. citeturn0search5
Investors should be aware that while Bitcoin ETFs provide a regulated and convenient way to gain exposure to Bitcoin, they are subject to market volatility and other risks associated with the cryptocurrency market.
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