Bitwise Bitcoin ETF Files 2023 10-K

TL;DR

Bitwise Bitcoin ETF dropped its 2023 10-K. All clear on the Bitcoin front.

AI Summary

The Bitwise Bitcoin ETF filed its 2023 10-K on March 27, 2024, reporting on its operations for the fiscal year ending December 31, 2023. The filing details its business structure, financial performance, and risk factors associated with Bitcoin investments. The company, formerly known as Bitwise Bitcoin ETF Trust, is incorporated in Delaware and headquartered in San Francisco, California.

Why It Matters

This filing provides investors and the public with a comprehensive overview of the Bitwise Bitcoin ETF's financial health and operational status for the past fiscal year, including risks inherent in Bitcoin investments.

Risk Assessment

Risk Level: medium — The primary risks stem from the inherent volatility and regulatory uncertainties associated with Bitcoin and the cryptocurrency market.

Key Numbers

• 20231231 — Fiscal Year End (The period covered by the 10-K filing.)
• 20240327 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• Bitwise Bitcoin ETF (company) — Filer and subject of the report
• 20231231 (date) — Fiscal year end
• 20240327 (date) — Filing date
• Bitwise Bitcoin ETF Trust (company) — Former company name
• Bitwise Investment Manager Llc (company) — Related party

FAQ

From the Filing

0000950170-24-037294.txt : 20240327 0000950170-24-037294.hdr.sgml : 20240327 20240327165011 ACCESSION NUMBER: 0000950170-24-037294 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 34 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bitwise Bitcoin ETF CENTRAL INDEX KEY: 0001763415 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41902 FILM NUMBER: 24791552 BUSINESS ADDRESS: STREET 1: 300 BRANNAN STREET STREET 2: SUITE 201 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 800-778-7879 MAIL ADDRESS: STREET 1: 300 BRANNAN STREET STREET 2: SUITE 201 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Bitwise Bitcoin ETF Trust DATE OF NAME CHANGE: 20231201 FORMER COMPANY: FORMER CONFORMED NAME: BITWISE BITCOIN ETP TRUST DATE OF NAME CHANGE: 20211012 FORMER COMPANY: FORMER CONFORMED NAME: BITWISE BITCOIN ETF TRUST DATE OF NAME CHANGE: 20190103 10-K 1 bitb-20231231.htm 10-K 10-K false 2023 FY 0001763415 --12-31 Unlimited 0001763415 bitb:BitwiseInvestmentManagerLlcMember us-gaap:SubsequentEventMember 2024-01-10 2024-01-10 0001763415 2024-03-22 0001763415 2023-11-09 2023-12-31 0001763415 bitb:BitwiseInvestmentManagerLlcMember us-gaap:SubsequentEventMember 2024-01-10 0001763415 2023-06-30 0001763415 us-gaap:RelatedPartyMember 2023-12-31 0001763415 bitb:BitwiseAssetManagementIncMember 2023-12-31 0001763415 2023-01-01 2023-12-31 0001763415 us-gaap:SubsequentEventMember 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember us-gaap:SubsequentEventMember 2024-01-05 2024-01-05 0001763415 bitb:BitwiseInvestmentAdvisersLlcMember srt:ScenarioForecastMember 2024-01-05 2024-07-11 0001763415 bitb:BitwiseInvestmentManagerLlcMember us-gaap:SubsequentEventMember 2024-01-11 2024-01-11 0001763415 bitb:BitwiseAssetManagementIncMember us-gaap:SubsequentEventMember 2024-01-10 2024-01-10 0001763415 us-gaap:CommonStockSubjectToMandatoryRedemptionMember 2023-12-31 0001763415 2023-11-08 0001763415 2023-12-31 bitb:ShareOfShareholder bitb:Trustee xbrli:pure iso4217:USD xbrli:shares xbrli:shares iso4217:USD UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the period ended December 31, 2023 . or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____________ to _____________. Commission file number: 001-41902   BITWISE BITCOIN ETF (Exact name of registrant as specified in its charter)   Delaware (State or other jurisdiction of incorporation or organization) 83-6613214 (I.R.S. Employer Identification No.) c/o Bitwise Investment Advisers, LLC 250 Montgomery Street , Suite 200 San Francisco , California 94104 (Address of principal executive offices) (Zip Code)   ( 415 ) 707-3663 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Bitwise Bitcoin ETF Shares BITB NYSE Arca, Inc.   Indicate by check mark if the registrant is a well‑known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☒ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the pas