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Bitwise

Bitcoin spot ETF operator

Bitwise launched its spot Bitcoin ETF (BITB) in January 2024, marking the firm's entry into the institutional Bitcoin custody game. The fund arrived amid a surge of Bitcoin ETF approvals, positioning Bitwise to capture flows from investors seeking SEC-regulated BTC exposure. On-chain, the addresses tracked here reveal how the fund's Bitcoin holdings move between custody infrastructure and settlement layers.

These verified addresses were identified through SEC filings and fund documentation cross-referenced with on-chain movement patterns. Bitwise employs Coinbase Custody to hold Bitcoin, a standard arrangement for US-registered funds seeking institutional-grade security and regulatory compliance. The custody model keeps most holdings in deep cold storage, with smaller operational balances cycling through warm wallets for redemptions and fund operations.

/ Overview
On-chain footprint
1
Tracked addresses
1
Networks · BTC
2024
First seen on-chain
/ Context
Custody and settlement flow

Bitwise's Bitcoin lives in Coinbase Custody vaults, not self-hosted addresses. The wallets listed here capture the fund's interaction points with the exchange and settlement networks. Movement patterns reflect daily creation-redemption cycles as authorized participants add or remove shares, translating to Bitcoin in and out of custody.

/ Vault
All 1 addresses
Showing 1 of 1
01bc1q9sn9fqurrsf37z73kvtv8tvh8c72xxnht7fvl0BTCVIEW
/ See also
Related entities
BlackRock
Fund · 75 tracked addresses
75 addrBTC
Binance Deposit
Fund · 54 tracked addresses
54 addrBTC / ETH
Coinbase Prime Deposit
Fund · 27 tracked addresses
27 addrBTC / ETH
/ Questions
FAQ
Where does Bitwise actually store its Bitcoin?
Bitwise uses Coinbase Custody to hold Bitcoin for the BITB fund. The fund does not self-custody assets. Coinbase Custody maintains cold storage vaults and handles all private key management, meeting the regulatory and operational standards required for SEC-registered spot ETFs.
What is BITB and how does it work?
BITB is Bitwise's Bitcoin spot ETF, launched January 2024 (ticker: BITB on NASDAQ). The fund holds actual Bitcoin one-to-one with shares, allowing investors to gain BTC exposure through traditional brokerage accounts without touching self-custody or exchanges.
How were these addresses attributed to Bitwise?
The addresses on this page were identified through SEC filings and fund prospectuses that disclose custody providers and settlement accounts. These are selected operational and settlement wallets, not Bitwise's complete Bitcoin footprint, which remains held in Coinbase Custody cold storage.
How much Bitcoin has Bitwise accumulated on-chain?
On-chain holdings at the addresses listed here are modest because most BITB Bitcoin sits in Coinbase Custody vaults, which are not publicly visible. Fund AUM and Bitcoin quantity are disclosed in SEC filings and Bitwise's quarterly reports.