Bitwise Bitcoin ETF’s net increase in assets from operations rose year over year in 3Q 2026, as bitcoin appreciation drove a larger unrealized gain; the effect was partly offset by the Sponsor Fee. The Trust’s investment objective is to provide exposure to bitcoin held by the Trust, less operating expenses.
Financial Highlights
² Reported as “Net increase (decrease) in net assets resulting from operations”.
Business Highlights
- Bitcoin holdings: The Trust held 37,926.1475 bitcoin at September 30, 2026, with a market value of $3.17B based on its NAV pricing reference.
- Bitcoin price: The BRRNY price rose from $58,605.41 on June 30, 2026, to $83,721.81 on September 30, 2026.
- Share creations and redemptions: The Trust added 4,368.6354 bitcoin valued at $313.6M through creations, partially offset by redemptions of 2,631.9105 bitcoin valued at $191.2M in the quarter.
- Sponsor fee: The Sponsor Fee was 0.20% per annum of the Trust’s bitcoin holdings; the quarter’s Sponsor Fee expense was $1.3M.
Original SEC Filing: Bitwise Bitcoin ETF [ BITB ] - 10-Q - Nov. 06, 2026
