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Upturn AI SWOT - About
Bitwise Bitcoin ETF (BITB)
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Upturn Advisory Summary
04/01/2025: BITB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 10.82% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 1474214 | Beta - | 52 Weeks Range 27.02 - 59.07 | Updated Date 04/1/2025 |
52 Weeks Range 27.02 - 59.07 | Updated Date 04/1/2025 |
Upturn AI SWOT
Bitwise Bitcoin ETF
ETF Overview
Overview
The Bitwise Bitcoin ETF (BITB) aims to track the performance of Bitcoin by holding actual Bitcoin. It offers investors exposure to Bitcoin within a regulated ETF structure, simplifying access to the cryptocurrency market.
Reputation and Reliability
Bitwise is a reputable asset manager specializing in cryptocurrency investments, with a history of launching innovative crypto-focused funds.
Management Expertise
Bitwise has a team with experience in both traditional finance and the cryptocurrency space, providing expertise in managing Bitcoin holdings and navigating the regulatory landscape.
Investment Objective
Goal
To track the performance of Bitcoin.
Investment Approach and Strategy
Strategy: The ETF aims to hold Bitcoin directly, providing exposure to the spot price of Bitcoin.
Composition The ETF's assets consist primarily of Bitcoin.
Market Position
Market Share: BITB is a significant player in the Bitcoin ETF market, holding a substantial market share among its competitors.
Total Net Assets (AUM): 2364120681
Competitors
Key Competitors
- IBIT
- FBTC
- ARKB
- GBTC
Competitive Landscape
The Bitcoin ETF market is highly competitive, with several major players vying for market share. BITB has advantages in terms of fee structure and trading volume, but faces strong competition from established players. Disadvantages could include lower brand recognition compared to larger firms.
Financial Performance
Historical Performance: Past performance is not indicative of future results. Data should be obtained from official fund documentation and verified by a qualified financial advisor.
Benchmark Comparison: The ETF's performance should be compared to the spot price of Bitcoin to assess its tracking effectiveness.
Expense Ratio: 0.2
Liquidity
Average Trading Volume
BITB's average trading volume is relatively high, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting the ETF's liquidity and efficiency.
Market Dynamics
Market Environment Factors
Economic indicators, regulatory developments in the cryptocurrency space, and investor sentiment towards Bitcoin all influence BITB's performance.
Growth Trajectory
BITB's growth trajectory is closely tied to the adoption and price of Bitcoin, with potential changes in strategy focusing on optimizing Bitcoin storage and management.
Moat and Competitive Advantages
Competitive Edge
BITB has a competitive advantage through its transparent expense ratio, combined with Bitwise's deep understanding of digital assets. This expertise may lead to more efficient Bitcoin storage and potentially more attractive risk-adjusted returns over time. Bitwise also demonstrates proactive engagement with the crypto community and regulatory bodies, positioning them well for long-term success. Their focus on education and investor awareness can further solidify their market position and attract a broader range of investors. This creates a trust factor that could set them apart from competitors.
Risk Analysis
Volatility
BITB experiences high volatility due to the inherent volatility of Bitcoin.
Market Risk
The ETF is subject to market risk related to Bitcoin's price fluctuations, regulatory uncertainty, and potential security risks associated with Bitcoin storage.
Investor Profile
Ideal Investor Profile
The ideal investor for BITB is someone who is comfortable with the volatility of Bitcoin and seeks exposure to the cryptocurrency market through a regulated investment vehicle.
Market Risk
BITB is more suitable for investors with a higher risk tolerance and a longer-term investment horizon.
Summary
The Bitwise Bitcoin ETF (BITB) provides investors with a regulated and accessible way to gain exposure to Bitcoin's price movements. Bitwise's expertise in digital assets and the ETF's competitive expense ratio can appeal to investors looking for efficient access to the cryptocurrency market. However, the ETF's high volatility and market risk associated with Bitcoin should be carefully considered. This product is suitable for investors with a high-risk tolerance and a long-term investment outlook seeking to diversify their portfolio with crypto assets.
Similar Companies
- IBIT
- FBTC
- ARKB
- GBTC
Sources and Disclaimers
Data Sources:
- Bitwise website
- SEC filings
- Bloomberg
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investing in ETFs involves risk, including the potential loss of principal. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitwise Bitcoin ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
In seeking to achieve its investment objective, the will trust will hold bitcoin and accrue the sponsor"s management fee (the "Sponsor Fee") in U.S. dollars. The trust will value its bitcoin holdings, net assets and the shares daily based on the BRRNY. It is passively managed and does not pursue active management investment strategies, and the Sponsor does not actively manage the bitcoin held by the trust.
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