Bitcoin News
Investing in Bitwise Bitcoin products following major inflows
The Bitwise Bitcoin ETF (BITB) holdings increased to 36,868 BTC after a daily net capital inflow of $16.15 million in August 2026. This single-day influx pushed net assets to $2.38 billion. Bitwise total assets under management exceeded $15 billion following this movement. This growth follows a massive surge in June where digital asset investment products attracted $2 billion in inflows during the first week alone. The five-week run through June saw $4.3 billion injected into the space. I see a pattern where large funds capture the majority of market interest. While Bitcoin price remains near $73,130, Bitwise maintains $9 billion in client assets. Recent market volatility followed a $2.5bn headquarters renovation inquiry into the Federal Reserve. This investigation into Chair Jay Powell triggered a weaker Dollar and a jump in Bitcoin price. Long-term holder selling also declined. These investors distributed -109k BTC over the past 30 days, a significant improvement from the -309k BTC recorded in mid-December. Bitcoin treasury companies bought more than 18,567 BTC over the past month. This demand offsets the net institutional demand of -7,957 BTC over the past 30 days.
Starting your investment through Bitwise products
Investors access Bitcoin price movements through traditional brokerage accounts using exchange-traded funds. You already know the difference between spot and futures products. Spot Bitcoin ETFs track the current market price directly. They provide lower costs and more accurate price tracking than futures-based versions. Futures Bitcoin ETFs invest in contracts to buy or sell the currency at predetermined prices. These products face Contango drag, which increases roll costs and erodes returns over time. Bitwise offers futures options through its product suite. To start an investment, you place a trade order through your existing broker. Traditional firms like Charles Schwab and E-Trade plan to offer direct crypto access. Money managers require 90 days to process additions to approved allocation lists. This delay means new products do not impact flows immediately. Morgan Stanley published a report titled "Asset Allocation Considerations for Cryptocurrency" on October 1. The report suggests advisors allocate up to 4% for risk-tolerant investors. Wells Fargo also allows advisors to allocate on behalf of clients. Ophelia Snyder, co-founder of 21Shares, notes that listings on exchanges could occur within days. However, the wider effect takes months to assess. JPMorgan published a report on the debasement trade on October 1. The report notes the U.S. money supply increased 44% since 2020. This makes gold and bitcoin attractive for investors seeking to hedge currency degradation.
Fee comparisons of Bitcoin products
Fee structures vary significantly across the market. The Bitwise Chainlink ETF (CLNK) charges a 0.34% annual management fee. In Germany, the Bitwise Core Bitcoin ETP carries a 0.05% annual total expense ratio. I consider the 2.00% fee for the Bitwise Physical Bitcoin ETP in Germany to be an unnecessary expense for many. Grayscale plans to charge 1.5% for its Bitcoin Trust (GBTC) conversion.
| Product Name | Domicile | Annual Fee (TER) |
|---|---|---|
| Bitwise Core Bitcoin ETP | Germany | 0.05% p.a. |
| Bitwise Physical Bitcoin ETP | Germany | 2.00% p.a. |
| Bitwise Chainlink ETF (CLNK) | USA | 0.34% p.a. |
| 21shares Bitcoin Core ETP | Switzerland | 0.10% p.a. |
| Invesco Physical Bitcoin | Jersey | 0.25% p.a. |
BlackRock’s IBIT recorded $142.10 million in net inflows in a single session. Fidelity’s FBFB captured $41.60 million. Grayscale’s GBTC experienced $36.34 million in outflows on the same day. These figures show the competition between providers. While Bitcoin trades at $73,130 after falling from $91,000 following a tariff shock, Bitwise projects that exchange-traded funds will absorb more than 100% of all newly mined Bitcoin supply in 2026.
The 2026 supply deficit
Bitwise projects that ETFs will buy more than 100% of all newly mined Bitcoin supply in 2026. The Bitcoin mining network produces approximately 450 BTC per day after the 2024 halving. This creates a structural supply deficit. Cumulative spot ETF net inflows reached $56.5 billion. Q1 2026 contributed $18.7 billion to this total. This absorption of supply shifts price discovery upward. Bitcoin dominance increased by just 0.12% over the past 30 days. On-chain profit-taking averaged $253M per day, which remains low relative to the last two years. Bitcoin price also remains sensitive to macroeconomic developments. The potential for the yen carry trade to unwind could impact risk markets. This trade involves borrowing yen at low interest rates to invest in higher-yielding assets. Bitcoin price also reflects the current degree of easing in financial conditions. The market remains in an accumulation phase with a potential target of $500,000 by 2030. Will the supply deficit sustain these high prices?
