(BITB) Bitwise Bitcoin - NYSE
ETF Category: Digital Assets | Exchange: NYSE (USA) | Market Cap: 2.336m USD | Total Return: -38.8% in 12m
Avg Turnover: 65.9M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Bitwise Bitcoin ETF (BITB) is a passively managed exchange-traded fund designed to provide investors with direct exposure to bitcoin. The trust holds physical bitcoin and calculates its net asset value (NAV) daily using the CME CF Bitcoin Reference Rate - New York Variant (BRRNY). Unlike active funds, the sponsor does not trade the underlying assets to capitalize on short-term market fluctuations, maintaining a fixed strategy of tracking the spot price minus the accrued management fee.
Spot bitcoin ETFs operate by utilizing authorized participants to create and redeem shares, ensuring the market price remains closely aligned with the value of the underlying digital assets. This structure eliminates the technical complexities of self-custody and private key management for institutional and retail investors. For a deeper analysis of fund metrics and performance comparisons, consult ValueRay.
- Spot bitcoin price fluctuations directly impact net asset value
- Institutional adoption and spot ETF inflows drive assets under management
- Competitive fee compression among spot bitcoin ETFs affects sponsor revenue
- Federal Reserve monetary policy and global liquidity cycles influence demand
As of June 19, 2026, the stock is trading at USD 34.13 with a total of 2,030,717 shares traded.
Over the past week, the price has changed by +3.72%,
over one month by -16.46%,
over three months by -13.95% and
over the past year by -38.82%.
Bitwise Bitcoin has no consensus analysts rating.