Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) USD Price

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), managed by Bitwise Asset Management, is a futures ETF with an inception date of March 18, 2023. Unlike spot ETFs, which directly hold the underlying asset (in this case, Bitcoin), a futures ETF invests in Bitcoin futures contracts. BITC employs an "optimum roll" strategy, which aims to minimize the negative impact of contango and maximize returns by strategically rolling futures contracts based on market conditions. As a result, the performance of a futures ETF like BITC may differ from the spot price of Bitcoin due to factors such as contract rollover, futures market conditions, and the effectiveness of the rolling strategy. BITC charges an annual management fee of 0.92%.

Bitwise Asset Management is a financial services company specializing in the management of cryptocurrency index funds. Established in 2017, Bitwise is headquartered in San Francisco, California. The company was founded with the intention of providing investors with secure and efficient access to diversified portfolios of digital assets. Bitwise is known for its pioneering role in creating the world's first cryptocurrency index fund, the Bitwise 10 Crypto Index Fund, which aims to track the performance of the 10 largest cryptocurrencies by market capitalization.

Bitwise's core business activities involve the creation and management of cryptocurrency index and beta funds, providing investors with exposure to the digital asset market without the need to directly purchase and store individual cryptocurrencies. The company's offerings are designed to cater to a range of investors, from retail to institutional, ensuring regulatory compliance and secure custody solutions.

The firm has gained recognition within the digital asset ecosystem for its rigorous approach to index construction and its transparent research practices. Bitwise regularly publishes detailed reports and market analysis, contributing to the broader understanding and maturation of the cryptocurrency industry.

Bitwise also plays a significant role in advocating for clear regulatory frameworks within the digital asset space. The company's proactive engagement with regulatory bodies and commitment to transparency aim to foster a more stable and secure environment for cryptocurrency investments. Through its innovative financial products and educational initiatives, Bitwise continues to influence the evolving landscape of digital asset investment.