Private Fund

Bitwise Aave Fund

The Bitwise Aave (AAVE) Fund is a smart and secure way to get exposure to AAVE. Get access to the leading DeFi lending and borrowing protocol* 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 AAVE market while lowering logistical barriers to entry such as exchange access, custody, and execution costs.

* By total value locked (TVL).

Please see additional fund-specific disclosures in the Fact Sheet.

Returns

As of: December 5, 2022 9:00 PM UTC

Estimated NAV‡: $1.53

1 Month
3 Months
YTD
12 Months
Since
Inception†
The Bitwise Aave Fund *
-34.0%
-28.1%
-74.7%
-66.8%
-84.7%
Aave **
-34.0%
-27.8%
-74.2%
-66.2%
-84.2%

* Fund returns are calculated net of expenses. The Fund is subject to a 2.0% 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 Aave (AAVE) is not illustrative of the performance of the Bitwise Aave (AAVE) Fund. The returns of AAVE are historical and unaudited and do not represent the returns of an actual fund. The historical returns of AAVE do not include the fees and expenses that are charged by any Fund investments. Actual Fund returns may differ materially from the historical returns of AAVE and past performance is not a guarantee of future performance. Please refer to additional important disclosures here.

† The Bitwise Aave Fund inception date: April 2, 2021.

‡ Estimated NAV as of December 5, 2022 9:00 PM UTC; non-GAAP, unaudited.

Key Facts

Minimum Investment
Subscriptions

Weekly, on Tuesday and Thursday

Redemptions

Weekly, on Wednesday*

Asset Class

Cryptocurrency

Investor Qualifications

Open to Accredited Investors as defined in Regulation D of the U.S. Securities Act of 1933

* 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

WithumSmith+Brown, PC

Tax

Cohen & Company

Custodian

Anchorage Digital Bank

Sponsor

Bitwise Investment Advisers, LLC

Offer Summary

Shares offered and sold under the exemption provided by Rule 506(c) of Regulation D

Taxation

The fund intends to be treated as a pass-through partnership for tax purposes. K-1s are prepared for investors.

Contributions

U.S. bank wires

Become an investor in the Bitwise Aave Fund today

The Bitwise Aave Fund is a smart and convenient way to gain exposure to Aave (AAVE). It is currently limited to accredited investors, with a $10,000 minimum investment.