Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

78% of retail investor accounts lose money when trading CFDs with this provider.

WisdomTree Bitcoin Trust

The Wisdom Tree Bitcoin Fund ETF is a spot ETF that holds Bitcoin exclusively and issues common shares that are traded on the CBOE. There are 70,000 common shares outstanding. The trust determines the real market value of its stock based on the movement of Bitcoin's price as measured using Bitcoin quotes from several spot Bitcoin exchanges.

The fund's shares are not redeemable for the underlying Bitcoin, which means the fund's price may deviate from the price of Bitcoin.

The fund's management fee is 0.30% of the average annual cost of assets. The management fee is waived until 10 April 2024.

Opportunities for traders

The Wisdom Tree Bitcoin Fund ETF began trading on the СBOE on 11 January 2024. Its intraday volatility is 5.6%, while its intraday trade volume is approximately $4 million.

How to buy and sell CFDs on the Wisdom Tree Bitcoin Fund

You can buy and sell CFDs on the Wisdom Tree Bitcoin Fund ETF on specialised exchanges. Alternatively, you can trade CFDs on the Wisdom Tree Bitcoin Fund ETF 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.

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