BITB Bitcoin ETF — Ratio, Holdings & Conversion
Bitwise's spot Bitcoin ETF with transparent custody.
Key Stats
How the BITB Ratio Works
The BTC-per-share ratio represents the exact amount of Bitcoin that backs each BITB share. NAV-derived ratio, calibrated daily is used to determine this value. The ratio decreases slowly over time as the 0.20% annual management fee is deducted from fund assets.
How to Convert BITB Shares to BTC
Shares to BTC: Multiply the number of shares by the BTC-per-share ratio.
Example: 100 BITB shares × 0.000536 = 0.0536 BTC
Strike to BTC price: Divide the BITB strike price by the ratio.
Example: $54 strike ÷ 0.000536 ≈ $100,000 BTC
Shares per 1 BTC: 1 ÷ 0.000536 ≈ 1,866 shares
For more Bitcoin ETF guides and resources, visit our education hub.
View BITB daily prices, interactive charts, annual returns, and BTC equivalents.
BITB Price History →Convert BITB strikes and premiums to BTC prices with live data.
Open BITB Calculator →See how BITB stacks up against ARK’s offering in our ARKB vs BITB comparison.
See how BITB stacks up against the competition in our Best Bitcoin ETF in 2026 guide.
FAQ
What is the BITB BTC-per-share ratio?
The BITB BTC-per-share ratio (approximately 0.000536) represents how much Bitcoin backs each BITB share. It is calibrated daily from NAV data and decreases slowly as the 0.20% annual fee is deducted.
How do I convert BITB shares to Bitcoin?
Multiply the number of BITB shares by the BTC-per-share ratio. For example, 100 BITB shares × 0.000536 = 0.0536 BTC. To convert a BITB strike price to a BTC price, divide the strike by the ratio.