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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›Stocks›BITB

BITB

Bitwise Bitcoin ETF

Next earnings ≈ Aug 9, 2026 · est. from filing cadence

Sell
$33.35
▲ +1.86%
$33.35▼ -43.93%
over 1Y
L $32.12H $67.12
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.9%
1W+3.8%
1M-8.6%
3M-8.4%
YTD-31.7%
1Y-43.9%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
F
Valuation
Fair value
Filings
Flagged
Sell
Conviction
Horizon
Medium (3–12mo)

Mixed signals in the latest filings.

Bitwise Bitcoin ETF shows limited reported revenue.

On these fundamentals, BITB screens as SELL on the SEC figures.

Is BITB a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 33 @ ~3.95 est
  • Short put 30 @ ~2.50 est
debit $145max +$155max −$145BE 31.55

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY24FY25
Revenue——
Gross profit——
Operating income——
Net income$1.59B-$344M
Diluted EPS——
Net margin——

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-14.3%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash—

Capital returns

Buyback yield102.4%
Dividend yield (est.)—
Shareholder yield102.4%
Shares Δ YoY+1.9%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-03-11). Worth a closer look.
  1. 10-Q Quarterly report2026-05-06
  2. 10-K/A Restated periodic report2026-03-11
  3. 10-K Annual report2026-03-02
  4. 10-Q Quarterly report2025-11-10
  5. 10-Q Quarterly report2025-08-07
  6. S-3/A Shelf registration (potential raise)2025-07-31
  7. S-3/A Shelf registration (potential raise)2025-07-29
  8. S-3/A Shelf registration (potential raise)2025-06-23
  9. S-3 Shelf registration (potential raise)2025-06-10

Recent filings

all on EDGAR ↗
10-QPeriod ending 2026-03-312026-05-06open ↗424IFiling2026-03-27open ↗10-K/APeriod ending 2025-12-312026-03-11open ↗10-KPeriod ending 2025-12-312026-03-02open ↗10-QPeriod ending 2025-09-302025-11-10open ↗RWFiling2025-09-03open ↗10-QPeriod ending 2025-06-302025-08-07open ↗424B3Filing2025-08-01open ↗EFFECTFiling2025-07-31open ↗CORRESPFiling2025-07-31open ↗S-3/AFiling2025-07-31open ↗S-3/AFiling2025-07-29open ↗

Quality score

F
ValueGrowthProfitHealthMom.
Value—
GrowthF
Profitability—
Financial healthF
MomentumF
  • ✗Profitable (positive net income)
31.8652-week68.27
Revenue
—
Net margin
—
ROE
—
P/E
—

SEC fundamentals · FY 2025

'24'25

■ revenue · ■ net income, by fiscal year

Net income-$344M-121.7%
Total assets$3.38B-10.3%
Total liabilities$14.4M+53.4%

Frequently asked

Is Bitwise Bitcoin ETF (BITB) a buy?
BITB currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.
What is Bitwise Bitcoin ETF's quality score?
BITB scores 24.198480535362616/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001763415, latest 10-Q filed 2026-05-06) · EODHD · as of 7/5/2026, 7:24:55 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:24 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Recent news

market news →
Trump defends big crypto gain, says 'there's nothing illegal'Bullish
seekingalpha.com· 2026-07-03
Taiwan passes bill to regulate crypto firms and stablecoinsBearish
seekingalpha.com· 2026-07-01
Bitcoin below its 200-week MA represents a historical opportunity to buyBearish
seekingalpha.com· 2026-06-30
U.S. spot bitcoin ETFs see $231M outflow as IBIT sheds $300MBullish
seekingalpha.com· 2026-06-30
Bitcoin price tug-of-war: ETF outflows, 3 rate hike stance, MSTR buying collideBullish
seekingalpha.com· 2026-06-22
Crypto market loses over $2T from peakBearish
seekingalpha.com· 2026-06-04

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score24 vs 67
Revenue growth— vs 7.5%
Net margin— vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.2

News sentiment

EODHD · 6d
Bearish
-0.91
vs typical · 7 articles
↓ cooling

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.