Bitwise Bitcoin ETF Files S-1 Registration

TL;DR

Bitwise Bitcoin ETF just filed its S-1, paving the way for public share offerings. 🚀

AI Summary

Bitwise Bitcoin ETF filed an S-1 registration statement with the SEC on October 8, 2024, to register shares of its Bitcoin ETF. The ETF, formerly known as Bitwise Bitcoin ETF Trust, is incorporated in Delaware and has its principal executive offices at 250 Montgomery Street, San Francisco, CA. The filing indicates a registration number of 333-[ ] and an IRS Employer Identification No. of 83-6613214.

Why It Matters

This S-1 filing is a crucial step for Bitwise Bitcoin ETF to offer its shares publicly, potentially increasing accessibility and investment in Bitcoin through a regulated financial product.

Risk Assessment

Risk Level: medium — The S-1 filing itself doesn't introduce new risks, but the underlying asset (Bitcoin) and the ETF structure carry inherent market and regulatory risks.

Key Numbers

• 333-[ ] — SEC Registration Number (Identifies the specific registration for this offering.)
• 83-6613214 — IRS Employer Identification No. (Tax identification number for the entity.)

Key Players & Entities

• Bitwise Bitcoin ETF (company) — Registrant
• 250 Montgomery Street, Suite 200, San Francisco, California 94104 (location) — Principal Executive Offices
• 83-6613214 (dollar_amount) — IRS Employer Identification No.
• 333-[ ] (dollar_amount) — SEC Registration Number
• Delaware (location) — State of Incorporation

FAQ

From the Filing

0001999371-24-013150.txt : 20241008 0001999371-24-013150.hdr.sgml : 20241008 20241008171749 ACCESSION NUMBER: 0001999371-24-013150 CONFORMED SUBMISSION TYPE: S-1 PUBLIC DOCUMENT COUNT: 13 FILED AS OF DATE: 20241008 DATE AS OF CHANGE: 20241008 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: S-1 SEC ACT: 1933 Act SEC FILE NUMBER: 333-282553 FILM NUMBER: 241360966 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 S-1 1 bitwise-s1_100824.htm REGISTRATION STATEMENT As filed with the Securities and Exchange Commission on October 8, 2024. Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Bitwise Bitcoin ETF (Exact name of registrant as specified in its charter) Delaware 83-6613214 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) c/o 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 principal executive offices and for service of process purposes) Copies to: Richard Coyle, Esq. James Audette, Esq. Chapman and Cutler LLP 320 South Canal Street, 27 th Floor Chicago, Illinois 60606 (312) 845-3724 Katherine Dowling, Esq. Bitwise Investment Advisers, LLC 250 Montgomery Street, Suite 200 San Francisco, California 94104 (415) 707-3663 Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective and all other conditions to the asset purchase described in this prospectus have been satisfied or waived. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☐ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large, accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indica