Bitwise Bitcoin ETF Files Q2 2024 10-Q
Ticker: BITB · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: ETF, cryptocurrency, filing, bitcoin
Related Tickers: BITW
TL;DR
**BITW 10-Q FILED: Shows crypto asset holdings, managed by Bitwise Investment Manager LLC.**
AI Summary
The Bitwise Bitcoin ETF filed its 10-Q for the period ending June 30, 2024. The filing details the ETF's investments in crypto assets, with a significant portion valued using Level 1 and Level 2 fair value inputs. Bitwise Investment Manager LLC and Bitwise Asset Management Inc. are key entities involved in managing the ETF's operations and assets.
Why It Matters
This filing provides investors and the market with an update on the Bitwise Bitcoin ETF's financial position and investment holdings as of the second quarter of 2024.
Risk Assessment
Risk Level: medium — The ETF's primary risk stems from the inherent volatility and regulatory uncertainty associated with its underlying asset, Bitcoin.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the specific date for which financial information is reported.)
- 20240808 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Bitwise Bitcoin ETF (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- Bitwise Investment Manager LLC (company) — Manager of the ETF
- Bitwise Asset Management Inc. (company) — Related entity involved in management
- Bitcoin (company) — Underlying asset of the ETF
FAQ
What is the total value of the Bitwise Bitcoin ETF's crypto assets as of June 30, 2024?
The filing does not explicitly state the total dollar amount of crypto assets, but it references 'InvestmentsInCryptoAssetsMember' and 'FairValueInputsLevel1Member' and 'FairValueInputsLevel2Member' for the period ending 2024-06-30.
Who is the primary investment manager for the Bitwise Bitcoin ETF?
Bitwise Investment Manager LLC is identified as the manager of the ETF.
When was the Bitwise Bitcoin ETF previously known as Bitwise Bitcoin ETP Trust?
The name change from Bitwise Bitcoin ETP Trust to Bitwise Bitcoin ETF occurred on 20211012.
What is the fiscal year end for the Bitwise Bitcoin ETF?
The fiscal year end for the Bitwise Bitcoin ETF is December 31 (1231).
What is the SEC file number for the Bitwise Bitcoin ETF?
The SEC file number for the Bitwise Bitcoin ETF is 001-41902.
From the Filing
0000950170-24-093606.txt : 20240808 0000950170-24-093606.hdr.sgml : 20240808 20240808125041 ACCESSION NUMBER: 0000950170-24-093606 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 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: 241187196 BUSINESS ADDRESS: STREET 1: 250 MONTGOMERY STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-707-3663 MAIL ADDRESS: STREET 1: 250 MONTGOMERY STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 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-20240630.htm 10-Q 10-Q Q2 --12-31 0001763415 false Unlimited Unlimited 0001763415 2024-03-31 0001763415 2024-08-08 0001763415 2023-01-01 2023-12-31 0001763415 2024-01-09 0001763415 us-gaap:FairValueInputsLevel1Member bitb:InvestmentsInCryptoAssetsMember 2024-06-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 2024-01-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-08 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 2024-01-05 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 2023-11-09 0001763415 2024-01-01 2024-03-31 0001763415 2024-04-01 2024-06-30 0001763415 us-gaap:FairValueInputsLevel2Member bitb:InvestmentsInCryptoAssetsMember 2024-06-30 0001763415 bitb:BitwiseAssetManagementIncMember 2024-01-10 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 2024-01-10 0001763415 bitb:CmeCfBitcoinMember 2024-01-01 2024-06-30 0001763415 srt:MaximumMember 2023-12-31 0001763415 bitb:InvestmentInBitcoinMember 2024-06-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-11 2024-01-11 0001763415 2024-06-30 0001763415 2024-01-01 2024-06-30 0001763415 bitb:CoinbaseCustodyTrustCompanyLlcMember 2024-01-01 2024-06-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 0001763415 2024-01-08 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 0001763415 2024-01-10 2024-06-30 0001763415 bitb:LukkaPrimeRateMember 2024-01-01 2024-06-30 0001763415 us-gaap:FairValueInputsLevel3Member bitb:InvestmentsInCryptoAssetsMember 2024-06-30 0001763415 bitb:BitwiseInvestmentAdvisersLlcMember 2024-01-09 2024-01-09 0001763415 2023-12-31 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 June 30, 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: B