Bitwise Asset Management, America's largest crypto index fund manager, has launched its first spot Bitcoin ETF—the Bitwise Bitcoin ETF (BITB). This landmark offering features a competitive 0.20% management fee, waived for the first six months on the first $1 billion in assets. Other expenses (e.g., brokerage fees) may apply.
👉 Discover how BITB compares to other Bitcoin ETFs
Key Features of BITB
- Low-Cost Structure: Among the cheapest spot Bitcoin ETFs available.
- Trusted Partners: Coinbase Custody (digital assets), BNY Mellon (administrator), KPMG (auditor).
- Profit Donations: 10% of BITB’s profits will fund Bitcoin open-source development via Brink, OpenSats, and HRF’s Bitcoin Development Fund for at least 10 years.
Hunter Horsley, Bitwise CEO, stated:
"The launch of Bitcoin ETFs like BITB removes barriers for mainstream investors. Choosing the right product depends on the ETF’s features and the provider’s expertise—areas where Bitwise excels."
Founded in 2017, Bitwise serves tens of thousands of investors and partners with 1,800+ advisor teams.
Why BITB Stands Out
- ETF Convenience: 64% of advisors prefer ETFs for crypto exposure (Bitwise/VettaFi 2023 Survey).
- Bitwise’s Track Record: Six years as a crypto specialist with 19 investment products, including five ETFs.
- Ongoing Development Support: Donations ensure Bitcoin’s network security and scalability.
Bitwise’s Crypto ETF Suite
| ETF Ticker | Name |
|------------|---------------------------------------|
| BITQ | Crypto Industry Innovators ETF |
| BITC | Bitcoin Strategy Optimum Roll ETF |
| BTOP | Bitcoin & Ether Equal Weight ETF |
| AETH | Ethereum Strategy ETF |
| BWEB | Web3 ETF |
👉 Explore Bitwise’s full product lineup
Risks to Consider
- Bitcoin Volatility: Prices can fluctuate widely.
- Liquidity Risk: Illiquid markets may exacerbate losses.
- Regulatory Uncertainty: Future laws could impact BITB.
FAQ Section
Q: How does BITB’s fee compare to competitors?
A: At 0.20%, it’s among the lowest—and 0% for the first six months on $1B assets.
Q: What makes Bitwise a trusted provider?
A: Six years of crypto-focused expertise, serving thousands of investors.
Q: How are BITB’s profits used?
A: 10% supports Bitcoin open-source development annually for 10+ years.
Q: Is BITB suitable for all investors?
A: No—it carries risks of significant loss. Consult a financial advisor.
For more details, read BITB’s prospectus.
About Bitwise
With 90+ professionals and offices in SF, NY, and London, Bitwise is a leader in crypto asset management, backed by institutional investors and featured in WSJ, Bloomberg, and Barron’s.
Disclaimer: BITB is not regulated under the 1940 Act or CEA, lacking associated protections.
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