10-K/A

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K/A

 (Amendment No. 1)

 Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 for the fiscal year ended December 31, 2024

 or

 Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____________ to _____________.

 Commission file number: 001-41902

 BITWISE BITCOIN ETF

 (Exact name of registrant as specified in its charter)

 Delaware
 (State or other jurisdiction of
incorporation or organization)

 83-6613214
 (I.R.S. Employer
Identification No.)

 c/o Bitwise Investment Advisers, LLC

 250 Montgomery Street, Suite 200

 San Francisco, California 94104

 (Address of principal executive offices) (Zip Code)

 ( 415) 707-3663

 (Registrant's telephone number, including area code)

 Securities registered pursuant to Section 12(b) of the Act:

 Title of each class

 Trading
Symbol(s)

 Name of each exchange
on which registered

 Bitwise Bitcoin ETF Shares

 BITB

 NYSE Arca, Inc.

 Indicate by check mark if the registrant is a well known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such

 files). Yes No

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b 2 of the Exchange Act.

 Large Accelerated Filer

 Accelerated Filer

 Non Accelerated Filer

 Smaller Reporting Company

 Emerging Growth Company

 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b 2 of the Exchange Act.). Yes No

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter: $ 2,250,706,500

 As of March 17, 2025, the registrant had 70,640,000 Shares outstanding.

 DOCUMENTS INCORPORATED BY REFERENCE:
 None.

 EXPLANATORY NOTE

 This Amendment No. 1 to the Annual Report on Form 10-K of Bitwise Bitcoin ETF (the "Trust") for the year ended December 31, 2024, as originally filed with the Securities and Exchange Commission on March 17, 2025 (the "Original Form 10-K"), is being filed solely to (i) correct the Trust's Smaller Reporting Company filer status as reported on the cover page of the Original Form 10-K by unchecking the corresponding box on the cover page of this Amendment No. 1, and (ii) file the consent of KPMG LLP, the Trust's independent registered public accounting firm (the "Consent"). Due to an administrative error, the Consent was inadvertently not included in the Original Form 10-K.

 In accordance with Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Amendment No. 1 includes new certifications required by Section 302 of the Sarbanes-Oxley Act of 2002, as amended, dated as of the filing date of this Amendment No. 1. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K under the Exchange Act, paragraphs 3, 4 and 5 of the certifications have been omitted.

 Except as set forth in this Amendment No. 1, no other changes have been made to the Original Form 10-K. The Original Form 10-K has not been amended or updated to reflect events occurring after the filing date of the Original Form 10-K, except as specifically set forth in this Amendment No. 1. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K.

 ITEM 15. Exhibits and Financial Statement Schedules.

 (1) No financial statements are filed with this Amendment No. 1. These items were included as part of the Original Form 10-K.

 (2) None.

 (3) Exhibits:

 Exhibit
No.

 Description of Document

 23.1*

 Consent of KPMG LLP, Independent Registered Public Accounting Firm

 31.1*

 Certification by Principal Executive Officer of the Trust Pursuant to Rule 13a 14(a) under the Securities Exchange Act of 1934

 31.2*

 Certification by Principal Financial Officer of the Trust Pursuant to Rule 13a 14(a) under the Securities Exchange Act of 1934

 * Filed herewith.

 Signatures

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated thereunto duly authorized.

 Bitwise Investment Advisers, LLC,

 as Sponsor of Bitwise Bitcoin ETF

 /s/ Hunter Horsley

 By: Hunter Horsley

 Director and President

 (Principal Executive Officer)*

 /s/ Paul Fusaro

 By: Paul Fusaro

 Chief Operating Officer

 (Principal Financial Officer and Principal Accounting Officer)*

 Date: March 28, 2025

 * The registrant is a trust and the persons are signing in their capacities as officers or directors of Bitwise Investment Advisers, LLC, the sponsor of the registrant.