Key stats
About Bitwise Bitcoin ETF
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Inception date
Jan 11, 2024
Structure
Grantor Trust
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
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BITB assets under management is 4.09 B USD. It's risen 22.67% over the last month.
BITB fund flows account for 121.27 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.
No, BITB doesn't pay dividends to its holders.
BITB shares are issued by Bitwise Asset Management, Inc. under the brand Bitwise. The ETF was launched on Jan 11, 2024, and its management style is Passive.
BITB expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
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.
BITB price has risen by 24.57% over the last month, and its yearly performance shows a 58.61% increase. See more dynamics on BITB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 23.39% over the last month, showed a 9.13% increase in three-month performance and has increased by 14.72% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 23.39% over the last month, showed a 9.13% increase in three-month performance and has increased by 14.72% in a year.
BITB trades at a premium (1.04%) meaning the ETF is trading at a higher price than the calculated NAV.