Bitwise Bitcoin ETF Sees $16M Inflow, Net Assets Hit $2.38B

Bitwise Asset Management's Bitcoin ETF (BITB) has seen significant buying activity in recent days, with net assets reaching $2.38 billion and a daily inflow of $16.15 million.

The fund's total holdings now stand at 36,868 BTC, following the purchase of 250 BTC on the spot market. This marks a notable increase for BITB, which has seen its net assets grow by over $1 billion in just a few days.

Bitwise Asset Management CEO Hunter Horsley commented on the development, stating 'Delighted to see investors buying more Bitcoin.' However, he also attached a link to the fund's official prospectus and reminded investors of the risks associated with investing in crypto assets.