Bitcoin has emerged as a transformative digital asset, redefining how investors think about value storage and financial independence. For those seeking regulated, transparent, and institutionally backed access to bitcoin, the Bitwise Bitcoin ETF (BITB) offers a compelling solution. Designed for modern investors, BITB simplifies ownership of the world’s largest cryptocurrency by market capitalization—without the complexities of self-custody or navigating volatile exchanges.
This article explores the key advantages of investing in BITB, its fund structure, performance metrics, and how it stands out in the growing landscape of crypto-based exchange-traded funds.
Why Invest in BITB?
BITB provides investors with direct exposure to bitcoin, the pioneering and most widely adopted digital asset. Backed by Bitwise Investment Advisers, LLC, one of the longest-standing crypto-focused asset managers, BITB combines deep industry expertise with robust institutional infrastructure.
Important Note: BITB is not suitable for all investors. An investment in BITB involves a high degree of risk, including significant price volatility and the potential for partial or total loss of capital. BITB is not registered under the Investment Company Act of 1940 and does not offer the same regulatory protections. Investors should carefully review all associated risks before investing.
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A Seven-Year Track Record Managing Crypto Assets
Since its founding, Bitwise has been at the forefront of crypto investing. With over seven years of experience, the firm has developed secure systems for custody, trading, compliance, and regulatory reporting—all tailored to the unique demands of digital assets.
Unlike traditional asset managers who dabble in crypto, Bitwise operates exclusively in this space. This focus enables them to anticipate market shifts, manage risk effectively, and deliver products like BITB that reflect both technical sophistication and real-world investor needs.
Partner With a Crypto Specialist
BITB is managed by a dedicated team of more than 90 professionals whose sole focus is cryptocurrency. This specialization ensures that every aspect of the fund—from security protocols to market analysis—is handled by experts who understand blockchain technology at a foundational level.
By choosing BITB, investors don’t just gain exposure to bitcoin—they gain access to a nationwide team of crypto specialists equipped with advanced tools, real-time insights, and institutional-grade processes.
Invest in the Future of Bitcoin
Bitcoin is more than a speculative asset; it represents a fundamental shift in how value is stored and transferred globally. As adoption grows among institutions, corporations, and even nation-states, owning bitcoin directly becomes increasingly strategic.
BITB offers a convenient, secure, and compliant way to invest in bitcoin through traditional brokerage accounts—eliminating the need for private key management, wallet setup, or exchange registration.
Fund Summary: Key Details About BITB
Data as of June 30, 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
- Shares Outstanding: 72,240,000
- Net Assets (AUM): $4.15 billion
- Daily Volume (Shares): 1,517,087
- Number of Holdings: 1 (Bitcoin only)
The fund’s streamlined structure ensures full transparency: BITB holds only bitcoin, securely stored with Coinbase Custody under strict regulatory oversight.
Fund Holdings: Pure Bitcoin Exposure
As of June 30, 2025:
- Bitcoin Held in Trust: 39,295.15 BTC
- Market Value: $4,149,925,843.04
- Bitcoin per Share: 0.000544 BTC
These holdings are subject to change but remain focused exclusively on bitcoin. There are no derivatives, no leverage, and no secondary assets—just straightforward exposure to the leading cryptocurrency.
Bitcoin Holding Addresses
Publicly verifiable addresses ensure transparency. Investors can independently confirm the fund's bitcoin reserves on-chain, reinforcing trust in the product’s integrity.
Premium / Discount Analysis (as of June 30, 2025)
- Net Asset Value (NAV): $57.45
- Market Price: $57.32
- Difference: -$0.13 (-0.23%)
- 30-Day Median Bid-Ask Spread: 0.02%
The tight bid-ask spread reflects strong liquidity and efficient pricing—key factors for traders and long-term holders alike.
Trading Activity Summary (2025)
| Period | Days Traded at NAV | Days Traded at Premium | Days Traded at Discount |
|---|---|---|---|
| Q2 | 3 | 33 | 20 |
| Q3 | 0 | 0 | 1 |
| YTD | 3 | 33 | 21 |
While most trading occurs near or above NAV, occasional discounts reflect normal market dynamics rather than structural issues.
Performance Metrics: Consistent Growth Since Inception
Data as of June 29, 2025
| Period | NAV Return | Market Price Return |
|---|---|---|
| 3 Months | +30.66% | +29.47% |
| 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. Investment returns and share values will fluctuate. Short-term performance should not be the sole basis for investment decisions. Returns for periods one year or less are not annualized.
Fund expenses include a 0.20% management fee, which covers custody, administration, auditing, and other operational costs. For the first six months after listing, the sponsor waived fees on the first $1 billion in assets—a move designed to enhance early investor appeal.
Frequently Asked Questions (FAQ)
Q: What is BITB?
A: BITB is an exchange-traded fund (ETF) that provides investors with direct exposure to bitcoin through a regulated financial product listed on a major U.S. exchange.
Q: How does BITB differ from buying bitcoin directly?
A: BITB eliminates the technical barriers of owning bitcoin—such as managing private keys or using crypto exchanges—while offering the same price exposure within a familiar brokerage environment.
Q: Is my investment safe with BITB?
A: BITB uses top-tier custodians (Coinbase Custody for digital assets and BNY Mellon for fiat), adheres to strict compliance standards, and undergoes regular audits to protect investor assets.
Q: Does BITB use leverage or derivatives?
A: No. BITB holds physical bitcoin only—no futures contracts, options, or leveraged instruments are used.
Q: Can I redeem BITB shares for actual bitcoin?
A: No. Shares represent ownership in the trust but cannot be redeemed for underlying bitcoin. However, they can be sold easily on the open market.
Q: How often is the fund’s NAV calculated?
A: The Net Asset Value (NAV) is calculated daily at 4:00 p.m. Eastern Time based on the official closing price of bitcoin.
👉 See how BITB compares to other digital asset investment options and explore next steps.
Final Thoughts: Why BITB Stands Out
In a crowded field of crypto ETFs, BITB distinguishes itself through transparency, expertise, and simplicity. It offers pure-play bitcoin exposure managed by a team with a proven track record in digital asset investing.
Whether you're new to crypto or an experienced investor looking for a regulated entry point, BITB delivers:
- Institutional-grade security
- Full transparency via on-chain verification
- Seamless integration into traditional portfolios
- Low expense ratio with temporary fee waivers
- Strong liquidity and narrow spreads
As bitcoin continues to mature as an asset class, products like BITB will play a vital role in bringing digital assets into mainstream finance.
👉 Start exploring your crypto investment journey with confidence—learn more now.