#BitwiseBitcoinETF
The Bitwise Bitcoin ETF, ticker symbol BITB, is a professionally managed fund that provides low-cost access to Bitcoin through a brokerage account.¹ It's backed by Bitwise's specialist expertise and six-year track record managing crypto assets for leading institutional investors.
*Key Features:*
- _Invests directly in Bitcoin_: The fund holds actual Bitcoin, allowing investors to gain exposure to the cryptocurrency without directly buying or storing it.
- _Low-cost management fee_: The sponsor fee is 0.20%, which includes custody charges for holding the fund's assets.
- _Listed on NYSE Arca_: BITB is traded on the NYSE Arca exchange, providing liquidity and accessibility for investors.
- _Net Assets (AUM)_: As of December 27, 2024, the fund's net assets under management (AUM) were approximately $3.82 billion.
*Risks and Considerations:*
- _High degree of risk_: Investing in BITB is subject to a high degree of risk, including significant volatility and potential loss of investment.
- _Not suitable for all investors_: BITB is not an investment company registered under the Investment Company Act of 1940 and is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act.
It's essential to carefully consider the risks and investment objectives before investing in BITB.
