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Accredited Investors Only
Financewise Bitcoin Fund
The Financewise Bitcoin Fund is a smart and secure way to get exposure to bitcoin. Get access to the world’s largest crypto asset with the security and convenience of a traditional investment vehicle managed by a dedicated crypto asset management firm. The Fund offers investors a means of participating in the bitcoin market while lowering logistical barriers to entry such as exchange access, custody, and execution costs.
Returns
As of April 16, 2022 4pm ET
Estimated NAV‡: $53.40
| 1 Month | 3 Months | YTD | 12 Months | Since Inception † |
|
|---|---|---|---|---|---|
| Financewise Bitcoin Fund* | -1.72% | -6.61% | -12.3% | -35.8% | 968% |
| Bitcoin** | -1.60% | -6.54% | -12.3% | -34.9% | 971% |
* Fund returns are calculated net of expenses. Shares are subject to a 0.95% Expense Ratio that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
** Historical performance of Bitcoin (BTC) is not illustrative of the performance of the Financewise Bitcoin Fund. The returns of Bitcoin are historical and unaudited and do not represent the returns of an actual account. These historical returns do not include the fees and expenses that are charged by any Fund. Actual Fund returns may differ materially from the historical returns of Bitcoin (BTC). Please refer to additional important disclosures here.
† December 5th, 2018 was the inception of the fund
†† Estimated NAV as of April 16, 2022 4pm ET; non-GAAP, un-audited.
Key Facts
Minimum Investment
Subscriptions
Weekly, on Tuesday and Thursday
Redemptions
Weekly, on Wednesdays*
Asset Class
Cryptocurrency
Investor Qualifications
Accredited U.S. investors only
* Requires a two-day notice period.
Fees and Expenses
Expense Ratio
Performance Fee
0%
* Expense Ratio includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
Details
Attorney
Wilson Sonsini Goodrich & Rosati
Administrator
Theorem Fund Services
Audit
KPMG LLP
Tax
Cohen & Company
Custodian
Fidelity Digital Asset Services, LLC
Sponsor
Financewise Investment Advisers
Offer Summary
Ownership units offered under Regulation D / 506 (c)
Taxation
The fund intends to be treated as a Grantor Trust for tax purposes. No K-1s will be provided; the Trust will publish a tax statement for shareholders annually.
Contributions
U.S. bank wires and BTC only