The WisdomTree Bitcoin Fund (BTCW) will be listed on the Cboe BZX Exchange and is expected to commence trading tomorrow, according to a note from the company. The ETF will have an expense ratio of 0.30%, although for a six-month period commencing January 11, 2024, the 0.30% will be waived for the first $1.0 billion of the Fund’s assets.
Jonathan Steinberg, WisdomTree Founder and CEO, commented on the listing:
“Core to our heritage of innovation, WisdomTree is passionate about exploring new avenues for potential value creation for investors – our role in disrupting financial services with the ETF wrapper speaks exactly to that. Now, after years of experience meeting investors’ demand for a Bitcoin ETP in Europe, we could not be more thrilled to be at the helm of the movement to accelerate access to digital assets in the United States after years of engagement with U.S. regulators. While potential investors must carefully consider if the risk profile of a digital asset such as bitcoin has a place in their portfolio, we see this effectiveness as a major step in the industry evolution that we’re leading – where the blockchain is redefining the way we see finance today.”
