BITB ETF — Bitwise Bitcoin ETF

Bitwise Bitcoin ETF (BITB)

BITB is a low-cost ETF that tracks the Bitcoin. As of August 28, 2026, its expense ratio is 0.20%. Fund total return is 64.8% over the past 2.6 years, 1.6 points behind SPY at 66.4%.

Bitwise Bitcoin ETF is a passively managed fund that tracks the value of bitcoin held in custody, valuing its holdings daily based on the Bitcoin Reference Rate. The fund carries an expense ratio of 0.20% and does not make distributions. It appeals to investors seeking direct bitcoin exposure through a traditional ETF structure.

BITB performance versus SPY

Data as of August 28, 2026.

Fund total return is 64.8% over the past 2.6 years, 1.6 points behind SPY at 66.4%. Its deepest 1-year drawdown was 53.3%.

BITB key facts

Data as of August 28, 2026.

Issuer

Bitwise Investments

Asset type

ETF

Asset class

Currency

Inception date

01/10/2024

Expense ratio

0.20%

Distribution frequency

None

Last close

$42.09

AUM

$2,993,764,293

Average volume

2333144.0

Beta

1.884

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: Bitwise Investments; Index: Bitcoin; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BITB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 53.3%.

Who may consider BITB — and who may not

BITB may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (BITB does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare BITB

BITB vs similar funds:

• BITB vs IBIT
• BITB vs FBTC

Frequently asked questions

More funds from Bitwise Investments.