The entity, and the one below it
Bitwise Asset Management, Inc. is the parent. Bitwise Investment Advisers, LLC is the
subsidiary that actually sponsors the funds, and it is the entity named in the filings. Both
sit at 250 Montgomery Street, Suite 200, San Francisco. The company's own site describes it
as a crypto asset manager with offices in San Francisco, New York and London, and states
$9 billion in client assets, a figure carried on its about page and read on 21 August 2026.
No founded year is given here, because the company does not state one on that page and no
primary record of its incorporation was opened for this entry.
The 2019 argument that mattered
Before Bitwise had a listed fund it had a research memo, and the memo is the reason the firm belongs in a Bitcoin directory. On 19 March 2019, Bitwise met the SEC's Divisions of Trading and Markets and Corporation Finance about NYSE Arca's proposal to list a Bitwise bitcoin product, and left a presentation on the file. Its claim was blunt: "approximately 95% of this volume is fake and/or non-economic in nature", and the real spot market was "significantly smaller, more orderly, and more regulated than is commonly understood".
That reframed the argument. Everyone had been treating aggregate exchange volume as the market. Bitwise's method was to look at the shape of the order book and the tape, and to show which venues printed trades no real participant had placed. The useful conclusion was not that Bitcoin was small but that most of the reported number was noise, and that the part which was not noise looked like a functioning market.
The Commission still said no. On 9 October 2019 it issued Release No. 34-87267 disapproving the NYSE Arca rule change for the Bitwise Bitcoin ETF Trust. The disapproval turned on whether the exchange had shown the arrangements required by the Exchange Act, not on the volume analysis being wrong.
What it runs now
The Bitwise Bitcoin ETF is a Delaware statutory trust formed on 29 August 2019. It commenced operations on 10 January 2024 and listed on NYSE Arca as BITB on 11 January 2024. It holds bitcoin with Coinbase Custody Trust Company as bitcoin custodian, with BNY Mellon as administrator, transfer agent and cash custodian, and it prices against the CME CF Bitcoin Reference Rate, New York Variant. Its annual report puts net assets at $3.37 billion at 31 December 2025, against $3.76 billion at 31 December 2024. A share is a claim on the trust, not a coin.