Bitwise Bitcoin ETF Files Q3 2024 10-Q

Ticker: BITB · Form: 10-Q · Filed: 2024-11-08T00:00:00.000Z

Sentiment: neutral

Topics: etf, bitcoin, sec-filing, crypto

TL;DR

**BITCOIN ETF HOLDINGS UPDATE: Q3 2024 FILING SHOWS BITCOIN ASSETS, KEY PROVIDERS NAMED.**

AI Summary

The Bitwise Bitcoin ETF filed its 10-Q for the period ending September 30, 2024. The filing details the ETF's investments in crypto assets, including its holdings in Bitcoin. Key service providers mentioned include Bitwise Investment Manager LLC, Coinbase Custody Trust Company LLC, and Lukka Prime Rate. The ETF's fiscal year ends on December 31st.

Why It Matters

This filing provides investors with an update on the Bitwise Bitcoin ETF's financial position and holdings, offering transparency into its operations and the value of its Bitcoin assets.

Risk Assessment

Risk Level: medium — The ETF's value is directly tied to the volatile price of Bitcoin, and it holds significant investments in crypto assets, introducing inherent market risks.

Key Numbers

20240930 — Reporting Period End Date (This is the end date for the financial information presented in the 10-Q.)
20241108 — 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
20240930 (date) — End of the reporting period
Bitwise Investment Manager LLC (company) — Investment Manager
Coinbase Custody Trust Company LLC (company) — Custodian
Lukka Prime Rate (company) — Pricing Service
Bitcoin (dollar_amount) — Primary asset held by the ETF

FAQ

What was the total value of the Bitwise Bitcoin ETF's investments in crypto assets as of September 30, 2024?

The filing indicates 'InvestmentsInCryptoAssetsMember' with a date of 2024-09-30, but the specific dollar amount is not provided in this excerpt.

Who is the primary custodian for the Bitwise Bitcoin ETF's assets?

Coinbase Custody Trust Company LLC is listed as a member related to the ETF's assets for the period of 2024-01-01 to 2024-09-30.

When does the Bitwise Bitcoin ETF's fiscal year end?

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

What is the SEC file number for the Bitwise Bitcoin ETF?

The SEC file number for the Bitwise Bitcoin ETF is 001-41902.

Has the Bitwise Bitcoin ETF undergone any name changes?

Yes, the ETF was formerly known as Bitwise Bitcoin ETF Trust, which changed its name on 20190103, then Bitwise Bitcoin ETP Trust, which changed its name on 20211012, and most recently Bitwise Bitcoin ETF Trust, which changed its name on 20231201.

From the Filing

0000950170-24-124134.txt : 20241108 0000950170-24-124134.hdr.sgml : 20241108 20241108162337 ACCESSION NUMBER: 0000950170-24-124134 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241108 DATE AS OF CHANGE: 20241108 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: 241440964 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-20240930.htm 10-Q 10-Q --12-31 Q3 false 0001763415 Unlimited Unlimited 0001763415 2024-06-30 0001763415 2024-01-01 2024-09-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 2024-01-05 0001763415 bitb:LukkaPrimeRateMember 2024-01-01 2024-09-30 0001763415 2024-01-10 2024-09-30 0001763415 bitb:CoinbaseCustodyTrustCompanyLlcMember 2024-01-01 2024-09-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 0001763415 2024-01-08 0001763415 bitb:InvestmentInBitcoinMember 2024-09-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-11 2024-01-11 0001763415 us-gaap:FairValueInputsLevel3Member bitb:InvestmentsInCryptoAssetsMember 2024-09-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 2024-01-10 0001763415 bitb:BitwiseAssetManagementIncMember 2024-01-10 2024-01-10 0001763415 us-gaap:FairValueInputsLevel1Member bitb:InvestmentsInCryptoAssetsMember 2024-09-30 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 0001763415 bitb:BitwiseInvestmentAdvisersLlcMember 2024-01-09 2024-01-09 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 2023-11-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-08 0001763415 2024-01-09 0001763415 bitb:CmeCfBitcoinMember 2024-01-01 2024-09-30 0001763415 2023-01-01 2023-12-31 0001763415 2023-12-31 0001763415 2024-09-30 0001763415 srt:MaximumMember 2023-12-31 0001763415 2024-11-06 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 0001763415 2024-07-01 2024-09-30 0001763415 us-gaap:FairValueInputsLevel2Member bitb:InvestmentsInCryptoAssetsMember 2024-09-30 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 2024-01-09 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 September 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: Bitwise Bitcoin ETF Shares &#