Bitwise Bitcoin ETF Trust
$45.16+0.25 (+0.56%)
- 0.20%
- $3.1B
- −29.2%
- 1.4M sh
- $44.69
- low $31.49high $63.16
The ETF.net BITB Grade
A
Score 71 out of 100
- 4 of 13
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 3 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 6 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 8 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 6 of 13
Our read on BITB
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.
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
- First 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
- Costs 0.20% a year, below the 0.25% cohort median and under same-exposure peers IBIT, BTCO and BRRR at 0.25%.
- Bitwise pledges 10% of the fund's profits to nonprofits that pay Bitcoin's open-source developers, including OpenSats and Brink.crypto.newscoingape.com
- A multi-billion-dollar, actively traded fund launched in the January 2024 opening class, and it tracks its stated bitcoin exposure very closely.
Worth knowing
- The mandate is bitcoin's value minus expenses. No buffer, no hedge, no income sleeve: whatever bitcoin does, this does.
- Not the cheapest door into spot bitcoin. Peer BTC lists 0.15% and Franklin's EZBC 0.00%, and fee waivers can expire.
- No distributions. A trust holding coins generates no income, so the entire result rides on bitcoin's price.
BITB Holdings
- Other
- 1
- 100%
- Bitcoin
BITB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
BITB$7,084
Returns run to the Oct 12, 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.
| Period | BITB |
|---|---|
| Year to date | −5.6% |
| 1 month | +7.1% |
| 3 months | +29.4% |
| 1 year | −29.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BITB |
|---|---|---|
| 2026 YTD | −5.6% | |
| 2025 | −6.5% | |
| 2024 | +99.1% |
BITB in the news
BITB Dividends
No distributions in the last 12 months.
BITB Risk
- 53.8%
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.
- 0.63
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.
- −53.3%
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.
- 2.13
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
0.20%
BITB0.20%
- The middle half of Spot Bitcoin funds
- Median 0.23%
3 of the 12 Spot Bitcoin funds charge less.
Other funds in Spot Bitcoin
- AMSBTMorgan Stanley Bitcoin Trust ETFExpense ratio 0.14%1 year return —
- AHODLVanEck Bitcoin ETFExpense ratio 0.20%1 year return −29.1%
- BEZBCFranklin Bitcoin ETFExpense ratio 0.19%1 year return −29.1%
- BARKBARK 21Shares Bitcoin ETFExpense ratio 0.21%1 year return −29.2%
- BFBTCFidelity Wise Origin Bitcoin FundExpense ratio 0.25%1 year return −29.2%