Overview
The Bitwise Bitcoin Fund offers accredited investors a regulated, institutional-grade avenue to gain Bitcoin (BTC) exposure. This guide covers its performance, fees, structure, and investment process—optimized for clarity and SEO.
Performance Analysis (As of July 2025)
Estimated NAV‡: $135.62
| Period | Bitwise Bitcoin Fund | Bitcoin* |
|--------------|-----------------------|----------|
| 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† | 2612.3% | 2704.8% |
*Fund returns are net of a 0.95% expense ratio (management fee, custody, admin/audit costs).
**Bitcoin’s historical returns exclude fund expenses and are unaudited.
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Key Features
- Subscriptions: Weekly (Tuesday/Thursday) with a 2-day notice period.
- Investor Eligibility: Accredited Investors per U.S. Regulation D.
- Taxation: Grantor Trust; annual tax statements provided (no K-1s).
Fees & Structure
- Expense Ratio: 0.95% (includes management, custody, and operational fees).
- Custodian: Fidelity Digital Asset Services.
- Administrator: Theorem Fund Services.
Investment Details
- Minimum: $10,000 (U.S. bank wires/BTC accepted).
- Legal Counsel: Wilson Sonsini Goodrich & Rosati.
- Offer Type: Regulation D / 506(c) private placement.
Critical Note: This fund is distinct from the Bitwise Bitcoin ETF (BITB).
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FAQs
1. Who can invest in the Bitwise Bitcoin Fund?
Only accredited investors as defined by U.S. securities laws.
2. What’s the minimum investment?
$10,000 via bank wire or BTC.
3. How does the fund’s performance compare to holding Bitcoin directly?
Returns are net of fees (~0.95% annually), typically trailing Bitcoin’s raw performance slightly.
4. Are tax documents provided?
Yes, annual tax statements (no K-1s).
5. Can subscriptions be canceled?
No, but investors must commit funds two days before the subscription date.
Why Choose This Fund?
The Bitwise Bitcoin Fund simplifies institutional Bitcoin exposure with robust custody, transparency, and regulatory compliance—ideal for accredited investors seeking a hands-off approach.
Disclaimer: Always consult a financial advisor before investing.