Bitcoin has emerged as a transformative digital asset, reshaping how individuals and institutions think about value storage and financial independence. For investors seeking exposure to bitcoin without the complexities of direct ownership—such as private key management, wallet security, or exchange risks—the Bitwise Bitcoin ETF (BITB) offers a streamlined, regulated solution. Listed on traditional exchanges, BITB enables seamless access to bitcoin’s price movements through a familiar brokerage interface.
This article explores the key benefits, structure, performance, and strategic advantages of investing in BITB, while highlighting why it stands out among spot bitcoin exchange-traded funds.
Why Invest in BITB?
Investing in BITB provides exposure to bitcoin, the world’s largest cryptocurrency by market capitalization and the longest-running digital asset in existence. As of December 31, 2024, bitcoin maintained its position as the dominant player in the crypto ecosystem—a status built on network security, widespread adoption, and institutional recognition.
👉 Discover how BITB simplifies access to one of the most influential assets of the digital era.
BITB is not suitable for all investors. An investment in BITB involves a high degree of risk, including extreme price volatility and the potential for partial or total loss of capital. It is not registered under the Investment Company Act of 1940 and does not offer the same regulatory protections as traditional mutual funds. Prospective investors should carefully review the risks outlined in official documentation before making any decisions.
A Seven-Year Track Record Managing Crypto Assets
Since its founding, Bitwise has been at the forefront of institutional crypto investing. With over seven years of experience, the firm has developed robust infrastructure tailored specifically for digital assets—from secure custody solutions and compliant trading systems to full regulatory oversight.
This institutional-grade framework ensures that BITB operates with transparency, reliability, and adherence to U.S. financial standards. Investors benefit from systems designed for professional asset managers, reducing operational friction and enhancing trust.
Partner With a Crypto Specialist
Bitwise employs more than 90 professionals dedicated exclusively to cryptocurrency markets. Unlike diversified asset managers who treat crypto as a niche segment, Bitwise focuses entirely on blockchain and digital assets. This specialization translates into deeper market insights, proactive risk management, and advanced technical expertise.
By choosing BITB, investors align themselves not just with bitcoin’s price action—but with a seasoned team equipped to navigate evolving regulatory landscapes, technological upgrades, and macroeconomic shifts affecting the crypto market.
Invest in the Future of Bitcoin
Bitcoin represents more than just a speculative asset; it's a foundational technology aiming to redefine how value is stored and transferred globally. From its decentralized architecture to its capped supply of 21 million coins, bitcoin introduces scarcity and censorship resistance into the financial system.
BITB allows investors to participate directly in this innovation by holding physically backed bitcoin. The fund holds actual BTC in secure custody, offering a transparent alternative to futures-based ETFs or indirect exposure through equities.
Fund Summary: Key Details of BITB
Data as of July 2, 2025
- Inception Date: January 10, 2024
- Sponsor: Bitwise Investment Advisers, LLC
- Administrator & Trust Custodian: Bank of New York Mellon
- Digital Asset Custodian: Coinbase Custody Trust Co., LLC
- Legal Counsel: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
- Marketing Agent: Foreside Fund Services, LLC
- Net Assets (AUM): $4.4 billion
- Shares Outstanding: 73,590,000
- Daily Trading Volume (Shares): 2,362,124 (as of July 1, 2025)
- Number of Holdings: 1 (Bitcoin)
The fund’s single-asset focus underscores its purpose: to deliver pure-play exposure to bitcoin with minimal intermediation.
Fund Holdings: Transparent and Secure
As of July 2, 2025, BITB holds 40,029.47 bitcoins, valued at approximately $4.4 billion. Each share represents ownership of 0.000544 BTC, providing fractional access even at high bitcoin prices.
All holdings are subject to change based on market conditions and fund activity. Importantly, the fund uses Coinbase Custody, a leading regulated custodian, to safeguard assets—ensuring institutional-grade protection against theft or loss.
Bitcoin holding addresses are publicly available for enhanced transparency, allowing investors to independently verify on-chain reserves.
Performance Overview: Consistent Growth Since Inception
Data as of June 29, 2025
| Period | NAV Return | Market Price Return |
|---|---|---|
| 3 Months | 30.66% | 29.47% |
| Year-to-Date (YTD) | 15.20% | 14.56% |
| 1 Year | 15.96% | 17.06% |
| Since Inception | 15.20% | 14.56% |
Past performance is not indicative of future results. Returns for periods under one year are not annualized.
The fund has demonstrated strong momentum over recent quarters, reflecting broader market sentiment toward bitcoin as both a store of value and hedge against macroeconomic uncertainty.
Net Asset Value (NAV) and Market Price
As of July 1, 2025:
- NAV: $59.58
- Market Price: $59.74
- NAV Change: +$2.13 (+3.71%)
- Market Price Change: +$2.42 (+4.22%)
- 30-Day Median Bid-Ask Spread: 0.02%
A narrow bid-ask spread indicates high liquidity and efficient pricing—key advantages for traders and long-term holders alike.
Premium / Discount Trends
BITB has traded close to its NAV throughout 2025:
- Days Traded at NAV: 3
- Days Traded at Premium: 34
- Days Traded at Discount: 21
This balanced trading pattern suggests healthy market demand and effective arbitrage mechanisms keeping prices aligned with underlying value.
Frequently Asked Questions (FAQ)
Q: What is a spot bitcoin ETF?
A: A spot bitcoin ETF directly owns physical bitcoin rather than using derivatives like futures contracts. BITB falls into this category, offering investors direct exposure to real-time bitcoin prices.
Q: How does BITB differ from other bitcoin investment options?
A: Unlike buying bitcoin on an exchange—which requires managing wallets and private keys—BITB allows investors to gain exposure through a standard brokerage account with no need for self-custody or technical setup.
Q: Is BITB safe from hacking or theft?
A: While no investment is entirely risk-free, BITB mitigates security risks by storing bitcoin with Coinbase Custody, a regulated custodian using cold storage and multi-signature protocols to protect assets.
Q: What fees does BITB charge?
A: The fund has a management fee of 0.20%, which includes custody costs and administrative expenses. For the first six months after listing, the sponsor waived fees on the first $1 billion in assets.
Q: Can I hold BITB in my retirement account?
A: Yes—BITB is eligible for IRAs and other tax-advantaged accounts through most major brokers that support ETF trading.
Q: Does BITB pay dividends?
A: No. Bitcoin does not generate income like stocks or bonds, so BITB does not distribute dividends. Returns are based solely on capital appreciation.
👉 See how BITB compares to other digital asset investment vehicles—explore your options today.
Final Thoughts: Why BITB Matters
The Bitwise Bitcoin ETF (BITB) represents a critical bridge between traditional finance and the growing world of digital assets. Backed by a proven team, transparent operations, and real bitcoin holdings, it offers a trustworthy entry point for both new and experienced investors.
With low fees, strong liquidity, and consistent performance since its January 2024 launch, BITB continues to gain traction among those looking to diversify portfolios with exposure to one of the most significant financial innovations of the past century.
👉 Ready to take the next step? Learn more about integrating bitcoin into your investment strategy now.
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