Bitwise Bitcoin ETF Files 2024 Annual Report

Ticker: BITB · Form: 10-K · Filed: 2025-03-18T00:00:00.000Z

Sentiment: neutral

Topics: bitcoin-etf, annual-report, crypto-assets, investment-management

Related Tickers: GBTC, ARKB, IBIT

TL;DR

BITW 10-K is in. Bitcoin holdings detailed. Manager: Bitwise Investment Manager LLC.

AI Summary

Bitwise Bitcoin ETF filed its 10-K for the fiscal year ending December 31, 2024. The filing details the company's investments in crypto assets, with a focus on Bitcoin. The ETF is managed by Bitwise Investment Manager LLC and Bitwise Asset Management Inc. The report was filed on March 18, 2025, and provides financial information as of December 31, 2024.

Why It Matters

This filing provides crucial transparency into the holdings and financial performance of the Bitwise Bitcoin ETF, impacting investor confidence and market analysis for Bitcoin-related investments.

Risk Assessment

Risk Level: medium — The value of Bitcoin is highly volatile, directly impacting the ETF's performance and investor returns.

Key Numbers

20241231 — Fiscal Year End (The period covered by the annual report.)
20250318 — Filing Date (The date the 10-K was submitted to the SEC.)
2,166,766 — Asset Value (Likely represents a significant financial figure related to the ETF's assets or holdings.)

Key Players & Entities

Bitwise Bitcoin ETF (company) — Filer of the 10-K report
20241231 (date) — Fiscal year end date for the report
20250318 (date) — Filing date of the 10-K
Bitwise Investment Manager LLC (company) — Investment manager for the ETF
Bitwise Asset Management Inc (company) — Related entity involved in management
2,166,766 (dollar_amount) — Value related to investments or assets

FAQ

What was the total value of the Bitwise Bitcoin ETF's investments in crypto assets as of December 31, 2024?

The filing indicates a value of 2,166,766 associated with 'InvestmentsInCryptoAssetsMember' as of 2024-12-31, though a specific total dollar amount for all crypto assets is not explicitly stated in the provided snippet.

Who are the primary investment managers for the Bitwise Bitcoin ETF?

The primary investment managers identified are Bitwise Investment Manager LLC and Bitwise Asset Management Inc.

When was the Bitwise Bitcoin ETF previously known by other names?

The ETF was formerly known as Bitwise Bitcoin ETF Trust (prior to 20190103), then Bitwise Bitcoin ETP Trust (prior to 20211012), and most recently Bitwise Bitcoin ETF Trust (prior to 20231201).

What is the business address of the Bitwise Bitcoin ETF?

The business address is 250 Montgomery Street, Suite 200, San Francisco, CA 94104.

What is the SEC file number for the Bitwise Bitcoin ETF's 10-K filing?

The SEC file number is 001-41902.

From the Filing

0000950170-25-040572.txt : 20250318 0000950170-25-040572.hdr.sgml : 20250318 20250317182617 ACCESSION NUMBER: 0000950170-25-040572 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250318 DATE AS OF CHANGE: 20250317 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: 25745933 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-K 1 bitb-20241231.htm 10-K 10-K 0001763415 Nil FY false Unlimited Unlimited Nil 2,166,766 http://bitbetf.com/20241231#ExecutiveManagementCommitteeMember one One 0001763415 bitb:InvestmentInBitcoinMember 2024-12-31 0001763415 bitb:LukkaPrimeRateMember 2024-01-01 2024-12-31 0001763415 us-gaap:FairValueInputsLevel1Member bitb:InvestmentsInCryptoAssetsMember 2024-12-31 0001763415 2024-10-01 2024-12-31 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-08 0001763415 2023-12-31 0001763415 2025-03-17 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 2024-01-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 2024-01-05 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-10 0001763415 bitb:BitwiseAssetManagementIncMember 2024-01-10 2024-01-10 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-09 0001763415 us-gaap:FairValueInputsLevel3Member bitb:InvestmentsInCryptoAssetsMember 2024-12-31 0001763415 bitb:BitwiseInvestmentAdvisersLlcMember 2024-01-09 2024-01-09 0001763415 2024-06-28 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 2023-11-09 0001763415 2024-01-01 2024-12-31 0001763415 bitb:CmeCfBitcoinMember 2024-01-01 2024-12-31 0001763415 bitb:CoinbaseCustodyTrustCompanyLlcMember 2024-01-01 2024-12-31 0001763415 2024-01-10 2024-12-31 0001763415 2024-01-08 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-05 0001763415 2024-01-09 0001763415 bitb:BitwiseInvestmentManagerLlcMember 2024-01-11 2024-01-11 0001763415 2024-12-31 0001763415 2023-01-01 2023-12-31 0001763415 srt:MaximumMember 2023-12-31 0001763415 us-gaap:FairValueInputsLevel2Member bitb:InvestmentsInCryptoAssetsMember 2024-12-31 0001763415 bitb:BitwiseAssetManagementIncMember 2023-11-09 bitb:Trustee bitb:Bitcoin xbrli:pure iso4217:USD xbrli:shares xbrli:shares bitb:Segment 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 fiscal year ended December 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 (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 clas