Bitwise Asset Management is a San Francisco–based crypto-native asset manager that pioneered crypto index funds in 2017. The firm runs one of the broadest US spot crypto ETF lineups, covering Bitcoin, Ethereum, Solana, XRP, Hyperliquid, Dogecoin, Chainlink and Avalanche.
BITB launched on NYSE Arca in January 2024. Bitwise was the first issuer to publish on-chain proof-of-reserves for its spot Bitcoin ETF and donates a portion of profits to Bitcoin open-source development. The fund has a 0.20% expense ratio.
The Bitwise XRP ETF trades under the ticker XRP and holds spot XRP at a qualified custodian. It is one of five US spot XRP ETFs, alongside funds from Canary (XRPC), Franklin (XRPZ), 21Shares (TOXR) and Grayscale (GXRP).
Bitwise differentiates on transparency (publishing on-chain proof-of-reserves) and on first-mover positioning in newer asset categories. While BlackRock and Fidelity dominate the BTC and ETH categories, Bitwise tends to win in altcoin and index-style products. Investors comparing US spot crypto ETFs often pair a low-fee BTC core (IBIT or FBTC) with Bitwise products for diversification beyond BTC and ETH.
Spot ETFs on Bitcoin (BITB), Ethereum (ETHW), Solana (BSOL), XRP (XRP), Hyperliquid (BHYP), Dogecoin (BWOW), Chainlink (CLNK) and Avalanche (BAVA).
BITB's expense ratio is 0.20%, one of the lower fees in the US spot Bitcoin ETF cohort.
Yes. Bitwise publishes on-chain wallet addresses for its spot Bitcoin ETF, allowing investors to verify the underlying holdings independently of regulatory filings.
Yes. Bitwise launched the first crypto index fund in 2017 (the Bitwise 10 Crypto Index Fund) and continues to offer multi-asset index products in addition to single-asset spot ETFs.
Bitwise is a smaller, crypto-native specialist. Its strength is in altcoin coverage, transparency. BlackRock and Fidelity have far larger AUM but narrower asset coverage.