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What is bitwise bitcoin ETF (BITB)?

The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products. Find the latest Bitwise Bitcoin ETF (BITB) stock quote, history, news and other vital information to help you with your stock trading and investing.

Why are spot bitcoin ETFs so popular?

As more and more money flows into spot bitcoin ETFs, these ETFs have been able to purchase more bitcoin, thus decreasing bitcoin’s supply while increasing its demand. This has led to a significant price increase in bitcoin since the approval of spot bitcoin ETFs.

Is BITB a good investment?

“BITB allows investors to gain low-cost exposure to bitcoin through a traditional, professionally managed ETF. This may avoid the cost, complexity, and custody concerns of owning bitcoin directly,” said Bitwise. For the next six months, BITB will charge a management fee of 0% for its first $1 billion in assets under management.

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