Bitwise Bitcoin ETFBitwise Bitcoin ETFBitwise Bitcoin ETF

Bitwise Bitcoin ETF

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Key stats


Assets under management (AUM)
‪4.25 B‬USD
Fund flows (1Y)
‪141.34 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.4%
Shares outstanding
‪71.09 M‬
Expense ratio
0.20%

About Bitwise Bitcoin ETF


Issuer
Bitwise Asset Management, Inc.
Brand
Bitwise
Home page
Inception date
Jan 11, 2024
Structure
Grantor Trust
Index tracked
CME CF Bitcoin Reference Rate - New York Variant - Benchmark Price Return
Replication method
Physical
Management style
Passive
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Bitwise Investment Advisers LLC
Established in 2016 and based in San Francisco, CA, Bitwise Asset Management is among the prominent crypto index fund managers in the United States. Through its Bitcoin fund, it allows traders and investors to engage in the Bitcoin market, addressing logistical barriers like exchange access, custody, and execution costs. The fund issues shares in blocks of 10,000 through which it buys and sells Bitcoin held by the Bitcoin Custodian in a segregated account.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short USD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BITB trades at 57.45 USD today, its price has fallen −2.80% in the past 24 hours. Track more dynamics on BITB price chart.
BITB net asset value is 58.46 today — it's risen 11.00% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BITB assets under management is ‪4.25 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BITB price has risen by 12.44% over the last month, and its yearly performance shows a 55.27% increase. See more dynamics on BITB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.00% over the last month, showed a 25.92% increase in three-month performance and has increased by 12.86% in a year.
BITB fund flows account for ‪137.99 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BITB expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BITB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BITB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITB shows the strong buy signal. See more of BITB technicals for a more comprehensive analysis.
No, BITB doesn't pay dividends to its holders.
BITB trades at a premium (0.26%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BITB shares are issued by Bitwise Asset Management, Inc.
BITB follows the CME CF Bitcoin Reference Rate - New York Variant - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 11, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.