Bitwise Bitcoin ETF Files Q1 2024 10-Q

Ticker: BITB · Form: 10-Q · Filed: 2024-05-13T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, ETF, Bitcoin, filing

TL;DR

**BITWISE BITCOIN ETF FILES 10-Q FOR Q1 2024 - FINANCIALS OUT NOW**

AI Summary

The Bitwise Bitcoin ETF filed its 10-Q for the period ending March 31, 2024. The filing details the company's financial position and operations related to its Bitcoin investments. Key information includes the fair value of its investments and its status as a Delaware-incorporated entity with a fiscal year end of December 31.

Why It Matters

This filing provides investors and the market with an update on the financial health and holdings of the Bitwise Bitcoin ETF, crucial for understanding the ETF's performance and underlying assets.

Risk Assessment

Risk Level: medium — As an ETF focused on a volatile asset like Bitcoin, its performance and financial standing are inherently subject to market fluctuations.

Key Numbers

20240331 — Reporting Period End Date (Indicates the financial snapshot is as of the end of the first quarter.)
20240513 — Filing Date (Shows when the report was officially submitted to the SEC.)

Key Players & Entities

Bitwise Bitcoin ETF (company) — Filer of the 10-Q
0000950170-24-058601 (other) — Accession Number for the filing
20240331 (date) — End of the reporting period
20240513 (date) — Filing date
BitwiseAssetManagementIncMember (company) — Related entity
BitwiseInvestmentManagerLlcMember (company) — Related entity
CmeCfBitcoinMember (company) — Related entity

FAQ

What is the accession number for this 10-Q filing?

The accession number is 0000950170-24-058601.

What period does this 10-Q filing cover?

This 10-Q filing covers the period ending March 31, 2024.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted on May 13, 2024.

What is the fiscal year end for the Bitwise Bitcoin ETF?

The fiscal year end for the Bitwise Bitcoin ETF is December 31.

What is the primary business address of the Bitwise Bitcoin ETF?

The primary business address is 300 Brannan Street, Suite 201, San Francisco, CA 94107.

From the Filing

0000950170-24-058601.txt : 20240513 0000950170-24-058601.hdr.sgml : 20240513 20240513155803 ACCESSION NUMBER: 0000950170-24-058601 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41902 FILM NUMBER: 24938798 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-Q 1 bitb-20240331.htm 10-Q 10-Q false Q1 --12-31 0001763415 Unlimited Unlimited 0001763415 bitb:BitwiseAssetManagementIncMember 2024-01-10 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 2024-01-09 0001763415 2023-01-01 2023-12-31 0001763415 2024-01-09 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 0001763415 bitb:LukkaPrimeRateMember 2024-01-01 2024-03-31 0001763415 bitb:CmeCfBitcoinMember 2024-01-01 2024-03-31 0001763415 2024-05-09 0001763415 bitb:InvestmentsInCryptoAssetsMember us-gaap:FairValueInputsLevel1Member 2024-03-31 0001763415 bitb:InvestmentsInCryptoAssetsMember us-gaap:FairValueInputsLevel2Member 2024-03-31 0001763415 bitb:InvestmentInBitcoinMember 2024-03-31 0001763415 2024-01-01 2024-03-31 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-08 0001763415 srt:MinimumMember 2024-01-10 2024-03-31 0001763415 2024-03-31 0001763415 2023-12-31 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-11 2024-01-11 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 2024-01-05 0001763415 bitb:BitwiseInvestmentAdvisersLlcMember 2024-01-09 2024-01-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 2024-01-10 0001763415 bitb:InvestmentsInCryptoAssetsMember us-gaap:FairValueInputsLevel3Member 2024-03-31 0001763415 2024-01-08 0001763415 srt:MaximumMember 2024-03-31 0001763415 2024-01-10 2024-03-31 bitb:Trustee bitb:Bitcoin xbrli:pure iso4217:USD xbrli:shares xbrli:shares iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 10-Q     ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 . 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 83-6613214 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Bitwise Investment Advisers, LLC 250 Montgomery Street , Suite 200 San Francisco , California 94104 ( 415 ) 707-3663 (Address, including zip code, and telephone number, including area code, of registrant’s primary executive offices)   Title of each class:   Trading Symbol(s)   Name of each exchange on which registered: Bitwise Bitcoin ETF Shares   BITB   NYSE Arca, Inc.   Securities registered or to be registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by