Bitwise Core Bitcoin ETP

Bitwise Core Bitcoin ETP is a physically backed exchange-traded product designed to deliver transparent and secure exposure to Bitcoin for institutional and professional investors. Its primary function is to closely track the CME CF Bitcoin Reference Rate, an institutional-grade benchmark for Bitcoin pricing, through full collateralization by Bitcoin held in cold-storage custody under an independent trustee, minimizing issuer default risk. Notable features include a competitive total expense ratio of 0.20% per annum and the advanced Tri-NAV valuation method, which aggregates liquidity from major global markets for enhanced primary market hours. German-domiciled and approved by financial authorities, it originated from ETC Group, acquired by U.S.-based Bitwise Asset Management in August 2024, expanding access via traditional securities accounts without cryptocurrency wallets. In the financial markets, Bitwise Core Bitcoin ETP facilitates regulated Bitcoin integration into diversified portfolios, supporting the rising institutional adoption of digital assets with robust custody, transparency, and liquidity standards.