#BitwiseBitcoinETF
The Bitwise Bitcoin ETF (ticker: BITB) offers investors a straightforward way to gain exposure to Bitcoin through a traditional, professi#onally managed exchange-traded fund (ETF). Launched on January 10, 2024, and traded on NYSE Arca, BITB invests directly in Bitcoin, aiming to mirror the cryptocurrency's performance minus the fund's operational expenses.
Key Details about BITB:
Ticker: BITB
Exchange: NYSE Arca
Inception Date: January 10, 2024
Expense Ratio: 0.20%
Net Assets: Approximately $3.82 billion (as of December 27, 2024)
Custodian and Administrator: Bank of New York Mellon
Sponsor: Bitwise Investment Advisers, LLC
As of December 27, 2024, BITB's net asset value (NAV) was $52.03, with a market price opening at $52.43. The fund's daily trading volume averaged around 2.4 million shares, indicating strong investor interest.
Investing in BITB allows individuals to participate in Bitcoin's potential growth without the complexities of direct cryptocurrency ownership, such as managing digital wallets or private keys. However, it's essential to recognize that Bitcoin is known for its significant price volatility, and investments in BITB carry inherent risks, including the possibility of substantial or total loss. Prospective investors should carefully evaluate these risks and consider consulting a financial advisor before making investment decisions.$
