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BITB

GradeANew York Stock Exchange Arca

Bitwise Bitcoin ETF Trust

Crypto · Bitwise · Inception 2024-01-10 · SEC filings

$45.70−1.09 (−2.34%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Jan 11, 2024.
Intraday session: down, 59 prints from 46.80 to 45.70. Range 45.47 to 46.61. Use the arrow keys to read each point.$45.50$46.00$46.25$46.5010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$3.3B
1Y return
−23.3%
Yield · Last 12 months
—
Holdings
1
Volume · 30D
1.5M sh
NAV per share
$44.04
52W range
low $31.49high $68.74

The ETF.net BITB Grade

A

71/ 100

Rank 4 of 13 in Spot Bitcoin⁠

Confidence Medium

Six-pillar profile for BITB. Scores out of 100: Cost 75, Risk 47, Mission 100, Tradability 47, Holdings not scored, Durability 54. Strongest: Mission (100). Weakest: Tradability (47). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 75
    Category rank3/13 · top 23%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank2/12 · top 17%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank7/13 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank8/13 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank8/13 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BITB

ETF.net Research

ABitwise was the first US spot bitcoin ETF to publish the blockchain addresses holding its coins, so anyone can verify the stash themselves. Underneath, it's a plain grantor trust: hold bitcoin, subtract expenses, repeat.

Stated mandate

The Trust seeks to provide exposure to the value of bitcoin held by it, reduced by operating expenses and other liabilities.

Why people hold it

  1. 01First US spot bitcoin ETF to publish its on-chain wallet addresses, so holdings and flows can be checked on the blockchain instead of taken on trust.cointelegraph.comccn.com
  2. 02Costs 0.20% a year, below the 0.25% cohort median and under same-exposure peers IBIT, BTCO and BRRR at 0.25%.
  3. 03Bitwise pledges 10% of the fund's profits to nonprofits that pay Bitcoin's open-source developers, including OpenSats and Brink.crypto.newscoingape.com
  4. 04A multi-billion-dollar, actively traded fund launched in the January 2024 opening class, and it tracks its stated bitcoin exposure very closely.

Worth knowing

  1. 01The mandate is bitcoin's value minus expenses. No buffer, no hedge, no income sleeve: whatever bitcoin does, this does.
  2. 02Not the cheapest door into spot bitcoin. Peer BTC lists 0.15% and Franklin's EZBC 0.00%, and fee waivers can expire.
  3. 03No distributions. A trust holding coins generates no income, so the entire result rides on bitcoin's price.

BITB Holdings

As of Sep 20, 2026, 9:29 AM
Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
BITCOIN100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BITCOIN100.00%38,149$3.1B11

Showing 1–1 of 1 holdings

BITB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BITB$7,672
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BITB $7,672. SPY $11,723. Use the arrow keys to read each point.$4,700$8,492$12,285Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BITB. Periods over one year show the average yearly return.
PeriodBITB
Year to date−1.6%
1 month+11.9%
3 months+33.8%
1 year−23.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BITB
YearReturn barBITB
2026 YTD−1.6%
2025−6.5%
2024+99.1%

History from Jan 11, 2024

BITB in the news

BITB Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

BITB Risk

How much the fund’s monthly returns vary, scaled to a year.
54.7%
Annualised · 31 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · 31 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−53.3%
32 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BITB Cost

Expense ratio0.20%
  • The middle half of Spot Bitcoin funds
  • Median 0.23%

3 of the 12 Spot Bitcoin funds charge less.

BITB costs $20.00 a year on $10,000. The median Spot Bitcoin fund costs $23.00.