Bitwise Bitcoin ETF (BITB) reported a 42.27% total return at net asset value for the three months ended September 30, 2026, and a $920.472 million increase in net assets from operations. For the nine months, its NAV total return was -4.69% and net assets decreased $176.577 million from operations; the comparable 2025 period had a $762.939 million increase from operations. The Trust attributed the nine-month investment loss primarily to bitcoin price depreciation.
At September 30, 2026, the Trust held 37,926.1475 bitcoin, with net assets of $3,168.481 million and Principal Market NAV of $45.34 per share. The BRRNY price used for NAV was $83,721.81 per bitcoin; the principal-market price was $83,556.83. Bitcoin is the Trust’s sole asset, and its Sponsor Fee is 0.20% per annum of bitcoin holdings.
Shares are created and redeemed in blocks of 10,000 with authorized participants. The Trust says shares may trade at a premium or discount to NAV and that bitcoin-price volatility can adversely affect share value. It reported no material risk-factor changes from its 2025 annual report and said disclosure controls were effective as of September 30, 2026.
Bitwise Bitcoin ETF is a Delaware statutory trust whose sole asset is bitcoin, offering exchange-traded exposure under the ticker BITB. As of June 30, 2026, it held 36,207.6919 bitcoin with a principal market fair value of $2,125,990 thousand, supporting net assets of $2,125,612 thousand and a Principal Market NAV per share of $31.87.
In the first half of 2026, the Trust recorded a net decrease in net assets from operations of $(1,097,049) thousand, driven by $(1,094,244) thousand in net realized and unrealized losses as the BRRNY bitcoin reference price fell from $87,315.53 to $58,605.41. Principal Market NAV total return was (33.00)% for the six months and (13.47)% for the quarter. Creations added $755,278 thousand (17,670,000 Shares), while redemptions removed $(899,667) thousand (21,760,000 Shares), leaving 66,690,000 Shares outstanding. The Trust charges a unitary 0.20% annual Sponsor Fee on bitcoin holdings, with the Sponsor covering normal operating expenses.
Bitwise Bitcoin ETF reports a sharp first-quarter decline in net asset value driven by bitcoin price weakness. The trust’s Principal Market NAV per share fell from $47.57 to $36.83, a total return of (22.58)% for the three months ended March 31, 2026.
The trust held 37,600.7094 bitcoin with a BRRNY-based market value of $2,550,522,301 at March 31, 2026, down from $3,358,857,898 a quarter earlier as bitcoin fell from $87,315.53 to $67,831.76. Net decrease in net assets from operations was $768,656,000, almost entirely from unrealized depreciation.
Creations added approximately 6,965 bitcoin, while about 7,832 bitcoin were disposed of for redemptions and Sponsor Fees, leading to modest net outflows. Operating structure remained stable, with a 0.20% annual Sponsor Fee and no reported legal proceedings or changes in risk factors.
Bitwise Bitcoin ETF filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025, solely to add the previously omitted consent of its independent auditor, KPMG LLP. The amendment also includes updated officer certifications dated as of the amendment filing date.
No financial statements or other disclosures are changed; readers are directed to the original Annual Report for full financial information. The fund reported aggregate market value of non-affiliate equity of $4,255,977,600 as of its most recently completed second fiscal quarter and had 71,970,000 Shares outstanding as of March 10, 2026.
Bitwise Bitcoin ETF is a Delaware statutory trust whose Shares trade on NYSE Arca under the ticker BITB. It seeks to give shareholders exposure to the value of bitcoin held by the Trust, tracking the actual bitcoin market, less operating expenses and other liabilities.
The Trust holds only bitcoin and cash, calculates NAV once daily using the CME CF Bitcoin Reference Rate – New York Variant (BRRNY), which was $87,315.53 on December 31, 2025, and had 71,970,000 Shares outstanding with non‑affiliate equity market value of $4,255,977,600.
The report details a cash creation and redemption mechanism via 10,000‑Share Baskets, bitcoin custody in Coinbase Custody cold storage, and extensive risk disclosures, including bitcoin price volatility, evolving regulation, operational reliance on service providers, and potential premiums or discounts of the Shares versus NAV.
Bitwise Bitcoin ETF (BITB) filed its quarterly report for the period ended September 30, 2025. Net assets reached $4,699,649 thousand, driven by bitcoin price appreciation and capital flows. The Trust held 41,086.7391 bitcoin, with investment fair value of $4,700,405 thousand, and reported a Principal Market NAV per share of $62.20.
For Q3 2025, the Trust recorded a net increase from operations of $255,282 thousand, primarily from unrealized gains. Over the nine months, net increase from operations totaled $762,939 thousand. Creation and redemption activity in Q3 added a net $186,713 thousand to assets. Shares outstanding were 75,560,000 as of September 30, 2025, and 74,930,000 as of November 10, 2025.
The Sponsor Fee is 0.20% per annum of bitcoin holdings, following a waiver through July 10, 2024. The filing highlights crypto market volatility risks, including an October 2025 flash crash, and confirms effective disclosure controls.