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Bitwise Bitcoin ETF
A crypto-native bitcoin ETF with low fees and public holdings transparency.
$10,000 invested, compounded for 30 years.
Compound-fee impact at an assumed 8% annual return. The expense-ratio benchmarks (lowest + category median) come from the live cohort in /compare/etfs; the 8% return is illustrative, not a forecast.
The full custody chain.
When you buy BITBshares, you don't hold Bitcoin — you hold a claim on the trust. The trust holds a claim on the custodian. The custodian holds the actual keys.
How BITB compares to the other ETFs.
BITB is everywhere.
Listed on NYSE Arca, available in essentially every U.S. brokerage. Compatible with IRA, 401(k), and HSA accounts.
The 8-factor breakdown.
Annual sponsor fee — the largest, most certain drag on returns
Trading depth and spreads for getting in and out at scale
How tightly the fund tracks spot bitcoin
Market-price premium or discount to NAV — arb efficiency
Assets under management — viability and closure risk
Bitwise is a crypto-specialist asset manager with a strong education, research, and proof-of-reserves transparency posture.
Clarity of fee structure — waivers, expirations, hidden costs
BITB discloses Coinbase Custody Trust Company as digital asset custodian and publishes bitcoin holdings transparency data.
Overall score = 8*25% + 4*20% + 8*12% + 5*10% + 4*13% + 6*8% + 8*7% + 8*5% = 6.2. The calibrated fee rubric gives more credit to a low-20 bps fee, but liquidity and AUM remain below the leading funds.
Questions readers actually ask about BITB.
Is owning BITB the same as owning Bitcoin?
Functionally for most purposes, yes — you get price exposure backed 1:1 by BTC held in cold storage. Mechanically, no — you own shares in a trust, not the underlying Bitcoin. The difference matters in three scenarios: (1) self-custody control, (2) using BTC as collateral elsewhere, (3) keeping access if your brokerage fails.
Does BITB pay dividends?
No. The trust holds Bitcoin, which doesn't generate yield. All returns come from price appreciation of the underlying.
What happens to my BITB if Bitwise fails?
The Bitcoin backing BITB is held by Coinbase Custody Trust Company as a qualified custodian, legally separate from Bitwise's operating funds. The trust's assets would not be claimable by Bitwise's creditors.
Can I buy BITB in my 401(k)?
Depends on your plan. Most modern plans that allow individual brokerage windows support it. Many default 401(k) menus don't.
The receipts.
Every figure on BITB traces to a primary document. These are the ones we read — open any of them.
- Bitwise BITB product page ↗Verified
Official product page used for AUM, daily volume, NAV, market price, median spread, holdings, bitcoin per share, exchange, and custodian.
- StockAnalysis BITB profile ↗Partial
Market-data snapshot used to cross-check AUM, shares outstanding, price, volume, expense ratio, and inception date.
- BITB SEC filings ↗Verified
SEC filing index for Bitwise Bitcoin ETF Trust registration and reporting documents.
Not investment advice. Pledge provides comparison data for educational purposes only; scores do not recommend buying, selling, or holding any ETF. Past performance does not guarantee future results. Review BITB's current prospectus before investing — expense ratios, fee waivers, AUM, and custodian arrangements can change after a score is published.