Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund designed to reflect the spot price performance of Bitcoin through direct exposure to the digital asset. The ETF is managed by Bitwise Asset Management and trades under the ticker BITB on NYSE Arca.

Classified as a digital-asset ETF providing spot Bitcoin exposure, BITB seeks to reflect, before fees and expenses, the price movements of Bitcoin.

The fund primarily holds Bitcoin in custody as its method of exposure to the underlying asset. Unlike ETFs structured predominantly through futures contracts, BITB seeks to track the spot Bitcoin market through direct ownership of the cryptocurrency.

The ETF’s methodology seeks to reflect Bitcoin’s market value within a regulated exchange-traded structure in the U.S. financial market.

Composition / Exposure profile

BITB provides direct exposure to Bitcoin and dynamics associated with cryptocurrency markets, including factors such as:

• Spot Bitcoin price fluctuations
• Cryptocurrency-market liquidity
• Global macroeconomic conditions
• Regulatory developments in the crypto sector
• Bitcoin supply-and-demand dynamics

This structure does not provide traditional sector diversification, as the portfolio is concentrated exclusively in Bitcoin exposure.

Structure and costs

BITB shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between the ETF’s market price and its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. BITB is not primarily focused on recurring income distributions, as its structure is centered on Bitcoin price appreciation and market fluctuations.

History and evolution of the ETF

The Bitwise Bitcoin ETF Trust was launched in 2024, during a period marked by the approval of spot Bitcoin ETFs in the U.S. market and growing institutional interest in regulated digital assets.

Since inception, the fund has reflected movements related to Bitcoin volatility, global macroeconomic conditions, and regulatory developments involving cryptocurrency markets.

In recent years, BITB has reflected fluctuations in Bitcoin markets, global liquidity cycles, and changes in institutional adoption dynamics related to digital assets.

Additional Information

Bitwise Bitcoin ETF Trust (United States) is an exchange-traded fund (ETF), with assets under management totaling $2.29 billion.

Over the past 12 months, Bitwise Bitcoin ETF Trust recorded a return of -44.51%, with its price trading between $31.86 and $68.27 during the same period.

The ETF is traded under the ticker BITB.