BITB — Bitwise Bitcoin ETF

BITB Price Performance — Growth of $10,000

Value of a $10,000 investment in BITB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BITB Drawdown

The "underwater" chart: BITB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Bitwise Bitcoin ETF is a crypto-focused fund issued by Bitwise Investments with $2.98 billion in assets under management. It holds an ETFValuer grade of F, ranking 4th out of 11 peers in its category and 439th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.2%, which sits below the category median of 0.25%. It provides no dividend income, matching the 0.00% yield seen across the broader crypto category. Holdings breakdown data is not available for this vehicle.

Price action shows the fund trading at $43.31, which is 31.7% of its 52-week range between $31.49 and $68.74. Short-term momentum has been strong, with one-month returns of 23.92% and three-month gains of 32.28%. This contrasts sharply with the one-year record, which stands at -27.48%, exactly matching the category median. Year-to-date performance remains negative at -11.25%, while the daily return has dipped 2.39%. The F grade has remained unchanged over the last 35 tracked days, despite the fund having only 2.6 years of price history.

Annualized volatility of 45.13% is classified as Very High, indicating significant price swings. The Sharpe ratio of -0.72 suggests that risk-adjusted returns have been negative over the measured period. Maximum drawdowns have reached -53.33%, reflecting substantial peak-to-trough declines. Liquidity is supported by an average daily volume of 1,421,633 shares, though the bid-ask spread of 1.68% is relatively wide. Beta data is not available for this fund.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BITB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.68% and average daily volume is 1.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.98B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BITB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BITB Performance History

How BITB Compares to Other Crypto ETFs