The Bitwise Bitcoin Fund offers accredited investors a regulated way to gain exposure to Bitcoin (BTC) through a professionally managed fund structure. Below, we break down its key features, performance metrics, and investment details.
π Fund Performance and Returns (As of July 2025)
Estimated NAV: $135.62
Returns calculated net of expenses (0.95% expense ratio):
| Period | Bitwise Bitcoin Fund | Bitcoin (BTC)* |
|---|---|---|
| 1 Month | 0.6% | 0.7% |
| 3 Months | 23.8% | 24.1% |
| YTD | 12.3% | 12.9% |
| 12 Months | 65.3% | 66.9% |
| Since Inception (Dec 2018) | 2612.3% | 2704.8% |
*Bitcoin returns are unaudited and exclude fund fees. Actual fund performance may vary.
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π Key Facts About the Fund
- Subscription Window: Weekly (Tuesdays and Thursdays) with a 2-day notice period.
- Investor Eligibility: Limited to accredited investors per U.S. Regulation D.
- Minimum Investment: $10,000 (via U.S. bank wire or BTC).
π° Fees and Expenses
- Expense Ratio: 0.95% (covers management, custody, and administrative costs).
π Fund Structure and Partners
| Role | Entity |
|---|---|
| Legal Counsel | Wilson Sonsini Goodrich & Rosati |
| Fund Administrator | Theorem Fund Services |
| Custodian | Fidelity Digital Asset Services, LLC |
| Sponsor | Bitwise Investment Advisers, LLC |
Tax Treatment: Grantor Trust (annual tax statements provided; no K-1s).
β FAQs
1. How does the Bitwise Bitcoin Fund differ from BITB (Bitwise Bitcoin ETF)?
- This fund is a private placement for accredited investors, while BITB is a publicly traded ETF.
2. What are the risks of investing?
- Crypto markets are volatile. Past performance doesnβt guarantee future results.
3. How often can I subscribe?
- Weekly, with processing on Tuesdays and Thursdays.
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π How to Invest
To participate:
1. Verify accredited investor status.
2. Submit a $10,000 minimum via wire transfer or BTC.
3. Monitor performance through quarterly updates.
Note: This fund is not affiliated with the Bitwise Bitcoin ETF (BITB). For ETF details, visit BITBetf.com.