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WisdomTree Bitcoin Fund
WisdomTree Bitcoin Fund (BTCW) provides spot bitcoin ETF exposure — launched in 2024 by WisdomTree, a $100B+ asset manager.
WisdomTree Bitcoin Fund
WisdomTree, founded in 1985 by Jonathan Steinberg and headquartered in New York City, has built a diversified asset-management platform focused on ETFs, indexing, and model portfolios. The firm launched its first spot bitcoin ETF, the WisdomTree Bitcoin Fund (BTCW), in January 2024, following SEC approval of spot bitcoin ETFs. The fund is designed for institutional allocators and retail investors seeking direct bitcoin exposure through a traditional brokerage account, settling trades over the Cboe BZX Exchange. WisdomTree's broader digital-assets strategy includes crypto-only ETFs, tokenized assets on the WisdomTree Prime platform, and partnerships with blockchain infrastructure firms. The WisdomTree Bitcoin Fund has accumulated approximately $130M in net assets as of mid-2025, placing it among smaller spot bitcoin ETFs by size. The fund is managed by WisdomTree Asset Management, with the firm's digital-assets team overseeing product design and compliance. WisdomTree's approach to bitcoin is predominantly passive — the fund tracks the price of bitcoin using the CME CF Bitcoin Reference Rate — and the firm operates the ETF inside a trust structure established in Delaware. WisdomTree's broader AUM across all strategies exceeds $100B per the firm's earnings filings (per WisdomTree, Q1 2025). The firm maintains offices in New York, London, Tokyo, San Francisco, and Dubai. Adjacent vehicles include the WisdomTree Crypto Index Fund (CRAK) and the WisdomTree Prime platform, which offers tokenized assets and blockchain-based custody options. The WisdomTree Bitcoin Fund benefits from WisdomTree's existing distribution network of financial advisors and institutional allocators, providing a structural advantage over standalone crypto-only issuers. The firm's regulated status as a public company (NYSE: WT) enforces quarterly disclosure requirements and corporate governance that smaller crypto funds lack.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
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Frequently asked questions
Who manages investment decisions for the WisdomTree Bitcoin Fund?
The fund is managed by WisdomTree Asset Management, with the firm's digital-assets team overseeing product design and compliance. WisdomTree CEO Jonathan Steinberg leads the firm's broader strategy. Day-to-day trading and custody operations follow the trust structure established under the Delaware statutory trust framework.
How does the WisdomTree Bitcoin Fund source bitcoin?
The fund purchases bitcoin directly from regulated market makers and OTC desks, with custody provided by Coinbase Custody Trust Company as the primary custodian as of the fund's launch. The fund uses the CME CF Bitcoin Reference Rate for pricing and settles NAV daily.
Is the WisdomTree Bitcoin Fund structured as an ETF or a trust?
The fund is structured as a Delaware statutory trust that issues shares listed on the Cboe BZX Exchange. It operates as an exchange-traded vehicle under the SEC's 1940 Act exemption for commodity-based trusts. All 11 spot bitcoin ETFs approved in January 2024 use a similar trust structure.
Does the WisdomTree Bitcoin Fund participate in bitcoin staking or lending?
No. The fund's prospectus states it holds only bitcoin and U.S. dollar cash equivalents. It does not stake, lend, or engage in yield-generating activities with the underlying bitcoin.
What investment stages or strategies does WisdomTree pursue beyond bitcoin ETFs?
WisdomTree manages a range of fixed-income, equity, commodity, and digital-asset ETFs. The firm's digital-asset strategy extends to tokenized assets on the WisdomTree Prime platform, crypto index funds, and partnerships with blockchain infrastructure providers. The WisdomTree Bitcoin Fund is one component of a broader digital-asset product suite.
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