WisdomTree Bitcoin Fund (BTCW)
After hours:
| Previous close | 63.09 |
| Open | 65.10 |
| Bid | 65.88 x 800 |
| Ask | 68.78 x 800 |
| Day's range | 65.10 - 66.18 |
| 52-week range | 41.08 - 78.16 |
| Volume | |
| Avg. volume | 409,319 |
| Net assets | 73.54M |
| NAV | 65.62 |
| PE ratio (TTM) | N/A |
| Yield | N/A |
| YTD daily total return | N/A |
| Beta (5Y monthly) | 0.00 |
| Expense ratio (net) | 0.00% |
| Inception date | 2024-01-08 |
- Yahoo Finance Video
Bitcoin hovers below $68K, crypto space lifted off rally
Bitcoin (BTC-USD) sits above $67,000 as the cryptocurrency gets back on the path toward its record high from November 2021 on recent rallies. Yahoo Finance Senior Markets Reporter Jared Blikre monitors recent movements in the crypto space, including some of the top spot bitcoin ETFs and crypto-exposed stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
- Yahoo Finance Video
Spot bitcoin ETF issuers: What you need to know
On Wednesday, January 10, the US Securities and Exchange Commission approved eleven spot bitcoin ETFs. Among the approved spot bitcoin ETFs were ones from Grayscale, Fidelity, and Bitwise. Yahoo Finance sat down with some of spot bitcoin ETF issuers this week. Here are some of their top takeaways. Ark Invest Founder, CEO, & CIO Cathie Wood (00:00:17) Ark Invest Founder, CEO, and CIO Cathie Wood notes three of the “competitive advantages” in Ark Invest's ETF, the ARK 21Shares Bitcoin ETF (ARKB). “One is our infrastructure and operation,” Wood says, “the second is research… The third competitive advantage we have is a sales force that started selling our exposure to bitcoin in 2016.” Wood adds, “we are looking at bitcoin as a public good. It is essentially, from a technology point of view… going to be the financial super highway of the internet.” Grayscale CEO Michael Sonnenshein (00:01:09) Grayscale CEO Michael Sonnenshein discusses “three things” regarding fees as the company’s spot bitcoin ETF, Grayscale Bitcoin Trust (GBTC), is charging a 1.5% fee, which is above many of the other spot bitcoin ETF fees. “Number one, we made a commitment to our investors that we would lower our fees… we made good on that promise and we’ve reduced fees by 25 percent,” Sonnenshein explains. “Number two, investors should have choice… And three… GBTC is differentiated. It brings a market value to investors that I think they know and appreciate.” Bitwise Asset Management CIO Matt Hougan (00:02:02) Bitwise Asset Management CIO Matt Hougan explains “two things” he thinks investors will look for in spot bitcoin ETFs. One is “what is the lowest fee product, cause the less you pay the more you get in finance,” Hougan notes. “And then who has the support systems to provide research and answers and data to execute trades well… the combination of crypto expertise and low cost, we think is a winner for” the company's spot bitcoin ETF, Bitwise Bitcoin ETF (BITB). WisdomTree Global Head of Research Christopher Gannatti (00:02:22) WisdomTree Global Head of Research Christopher Gannatti discusses why “it's going to be among the most competitive dynamics that we believe we have seen at WisdomTree in the ETF industry.” “Everyone is providing exposure to the same underlying spot oriented bitcoin ETFs. Many of the providers also waving the fees to zero, at least initially for various points of time and amounts,” Gannatti notes. The firm manages its own bitcoin fund under the ticker (BTCW). Senator Cynthia Lummis (R-WY) (00:03:12) Senator Cynthia Lummis (R-WY) explains that “when the traditional financial services industry has now adopted and recognized the long-term benefits of bitcoin specifically, as part of a diversified asset allocation. It helps make the case for having a robust, regulatory framework for digital assets so that investors can begin to further diversify their investments and incorporate a long-term store of value like bitcoin into their investment strategies.”
- Yahoo Finance Video
Bitcoin ETFs first US trading day: How it holds up to Europe
Spot bitcoin (BTC-USD) ETFs began trading Thursday following the US Securities and Exchange Commission's (SEC) decision to approve the offering of them on Wednesday. Yahoo Finance’s Rachelle Akuffo is joined by WisdomTree Global Head of Research Christopher Gannatti — whose firm manages its own bitcoin fund (BTCW) — to discuss the differences between the European and US markets for these crypto ETFs. Wisdom offers eight crypto ETPs (Exchange Traded Products) in Europe. Gannatti sees "massive trading volume" ahead for the US market despite Europe having "a four-year head start." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
