Bitwise Bitcoin ETP Trust
The Bitwise Bitcoin ETP Trust is a spot ETF that holds Bitcoin exclusively and issues common shares that are traded on the NYSE. The trust's shares are not redeemable for the underlying Bitcoin, which means the trust's price may deviate from the price of Bitcoin.
The trust's management fee is 0.2% of the average annual cost of assets. The trust's management fee is waived until 10 July 2024 or until assets reach $1 billion, whichever occurs first.
Opportunities for traders
The Bitwise Bitcoin ETP Trust began trading on the NYSE on 11 January 2024. Its intraday volatility is 7.3%, while its intraday trade volume is approximately $87 million.
How to buy and sell CFDs on the Bitwise Bitcoin ETP Trust
You can buy and sell CFDs on the Bitwise Bitcoin ETP Trust on specialised exchanges. Alternatively, you can trade CFDs on the Bitwise Bitcoin ETP Trust through a broker or trading platform, such as MetaTrader or Libertex, where you can use a multiplier and also trade if the value of the asset declines.