WisdomTree Bitcoin Fund ETF is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
Overview
The WisdomTree Bitcoin Fund (BTCW) is a passively managed ETF listed on Cboe BZX Exchange, launched on January 11, 2024, providing direct exposure to bitcoin’s spot price.
Investment Objective
Seeks to track the performance of bitcoin’s value, as measured by the CME CF Bitcoin Reference Rate – New York Variant, less the Trust’s expenses and liabilities.
Expense Ratio
Charges a 0.25% management fee, with a promotional 0% fee on the first $1 billion in assets until July 11, 2025, making it cost-competitive during the waiver period.
Holdings and Custody
Holds physical bitcoin in cold storage, with custody provided by a regulated third-party custodian to ensure security and compliance.
Risk Profile
Highly volatile due to bitcoin’s price fluctuations; not suitable for all investors, with potential for significant or total loss, and not registered under the Investment Company Act of 1940.
Performance
As of July 2025, BTCW trades at approximately $108.39, with $376 million in assets under management and a 52-week range of $37.94 to $108.39.money.usnews.com
Background
WisdomTree is a global ETF sponsor and asset manager with over $100 billion in AUM, founded in 2006.
Expertise
Known for currency-hedged equity and dividend-weighted investment strategies.
Bitcoin ETFs
The WisdomTree Bitcoin Fund (BTCW) launched in January 2024.
Digital Assets
WisdomTree also operates WisdomTree Prime, a digital wallet and tokenized asset platform.
Custody
Uses Coinbase Custody for Bitcoin safekeeping.