The Bitwise Bitcoin ETF (ticker: BITB) offers investors a straightforward way to gain exposure to Bitcoin through a traditional exchange-traded fund. Launched on January 10, 2024, and traded on NYSE Arca, BITB invests directly in Bitcoin, aiming to mirror its value minus operational expenses.
Key Details:
Ticker: BITB
Exchange: NYSE Arca
Inception Date: January 10, 2024
Net Assets (AUM): Approximately $3.82 billion as of December 27, 2024
Expense Ratio: 0.20%
Shares Outstanding: 74,420,000
Daily Volume: Approximately 1.5 million shares
Custodian and Administrator: Bank of New York Mellon
Auditor: KPMG
BITB provides a cost-effective and professionally managed avenue for investors to access Bitcoin without the complexities of direct ownership, such as managing digital wallets or private keys. The fund's assets are securely held with institutional-grade custody solutions.
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.
For more detailed information, including the fund's prospectus and latest performance data, visit the official Bitwise Bitcoin ETF website: