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What is BITB fund?

The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.

What is BITB & how does it work?

It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise. Framework Ventures Co-Founder Vance Spencer discusses why he thinks Bitcoin is digital gold, and why Ethereum is at the forefront of the tokenization movement.

What is EBIT to interest expense ratio?

EBIT to Interest Expense Ratio means, as of any time of determination, the ratio of (i) EBIT of the Borrower and its Subsidiaries on a Consolidated basis to (ii) The required EBIT to Interest Expense Ratio shall be measured on a rolling four quarter basis on and after the close of the first four quarters following the closing date.

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