Bitwise Bitcoin ETF

Bitwise Asset Management, founded in 2016, has established itself as a specialist in managing bitcoin investments. The firm launched the Bitwise Bitcoin ETF (BITB) in January 2024, providing investors with a professionally managed fund that offers direct exposure to bitcoin. BITB is listed on NYSE Arca and is accessible through standard brokerage accounts.

Since its inception, BITB has attracted significant attention from both individual and institutional investors. In February 2024, the fund was included by Carson Group, a registered investment advisor network managing between $30 billion and $40 billion in assets for over 40,000 families in the U.S. This inclusion underscores BITB's growing acceptance among financial advisors and their clients. (axios.com)

In August 2024, Bitwise expanded its global presence by acquiring London-based ETC Group, marking its first foray into the European market. This strategic move allows Bitwise to offer its expertise to European investors and broaden its product offerings. (ft.com)

BITB's holdings are securely stored with Coinbase Custody Trust Co., LLC, ensuring robust security measures for investors. The fund's low expense ratio of 0.20% makes it an attractive option for those seeking cost-effective exposure to bitcoin.