9-Sep-2026
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Bitcoin flashes first golden cross in over 6 months as it hovers near $80K
Seeking Alpha News (Tue, 8-Sep 2:57 PM ET)
The Trust's investment objective is to seek to provide exposure to the value of bitcoin held by the Trust, less the expenses of the Trust's operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold bitcoin and establish its net asset value ("NAV") by reference to the CME CF Bitcoin Reference Rate - New York Variant ("BRRNY"). BITB provides low-cost access to bitcoin through a traditional, professionally managed ETF. Backed by Bitwise's specialist expertise, deep research, and six-year track record managing crypto assets for leading institutional investors, the fund invests directly in bitcoin and is easily accessible from a brokerage account.
Bitwise Bitcoin ETF trades on the ARCA stock market under the symbol BITB.
As of September 9, 2026, BITB stock price declined to $42.43 with 683,588 million shares trading.
BITB has a beta of 1.41, meaning it tends to be more sensitive to market movements. BITB has a correlation of 0.13 to the broad based SPY ETF.
BITB has a market cap of $2.98 billion. This is considered a Mid Cap stock.
BITB has underperformed the market in the last year with a return of -29.9%, while SPY returned +18.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BITB shares. However, BITB has outperformed the market in the last 3 month and 2 week periods, returning +26.0% and -0.4%, while SPY returned +3.7% and -0.5%, respectively. This indicates BITB has been having a stronger performance recently.
BITB support price is $41.42 and resistance is $43.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BITB shares will trade within this expected range on the day.