Here are the 10-K annual reports from Bitwise Bitcoin ETF (BITB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BITB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BITB filings page.
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.