Private Fund

Ball Multicoin Bitwise Metaverse Index Fund

The Ball Multicoin Bitwise Metaverse Index Fund is a straightforward way to gain diversified exposure to the emergence of the Metaverse. The Fund seeks to track an index of the most important Metaverse-related crypto assets. The underlying index—the Ball Multicoin Bitwise Metaverse Index—has a public, formal methodology that includes eligibility rules meant to screen out critical risks around custody, liquidity, and other concerns, and is rebalanced quarterly.

For Qualified Purchasers Only

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

Returns

As of: October 1, 2022 8:00 PM UTC

Estimated NAV‡: $7.89

1 Month
3 Months
YTD
12 Months
Since
Inception†
Ball Multicoin Bitwise Metaverse Index Fund *
-5.3%
7.0%
-21.1%
Ball Multicoin Bitwise Metaverse Index **
-4.5%
9.6%
-18.3%

* Fund returns are calculated net of expenses. The Sponsor has elected to implement a 5.0% cap on total Trust Expenses. Total Trust Expenses include a 3.0% 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.

**  Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. Index performance does not include the fees and expenses that are charged by the Fund. Past performance is not indicative of future performance. Please refer to additional important disclosures here.

† Ball Multicoin Bitwise Metaverse Index Fund inception date: June 7, 2022.

‡ Estimated NAV as of October 1, 2022 8:00 PM UTC; non-GAAP, unaudited.

Metaverse Sector Composition

As of June 6, 2022

35%

Asset Ledgers and Interoperability Solutions

These are the native assets of blockchains that enable smart contracts. They are the platforms on which any decentralized application ultimately ‘lives.’

20%

Decentralized Finance and Marketplaces

These are the native assets and specifically the governance tokens of protocols and platforms that facilitate core financial activity in a decentralized manner.

35%

Infrastructure and Tools

These are the native assets of decentralized systems and networks that address specific application needs, including computing, storage, data indexing, and identity management.

10%

Virtual Platforms and Communities

These are the native assets of immersive spaces in which users can navigate, interact, create, and engage in economic activities.

Index Constituents*

As of: October 1, 2022 8:00 PM UTC

Name
Sector
Weight
Market Cap
Price
Change (24hr)
ChainLinkChainLink
Infrastructure and Tools
9.1%
$3,631,844,676
$7.39
-1.8%
EthereumEthereum
Asset Ledgers and Interoperability Solutions
8.7%
$158,427,605,828
$1,312.36
-1.9%
SolanaSolana
Asset Ledgers and Interoperability Solutions
8.1%
$11,578,948,082
$32.64
-3.3%
PolygonPolygon
Asset Ledgers and Interoperability Solutions
8.1%
$6,697,225,036
$0.77
-1.3%
FilecoinFilecoin
Infrastructure and Tools
8.1%
$1,626,523,694
$5.58
-1.5%
Binance CoinBinance Coin
Decentralized Finance and Marketplaces
6.1%
$45,441,184,642
$281.65
-0.8%
UniswapUniswap
Decentralized Finance and Marketplaces
5.9%
$4,879,817,153
$6.47
1.8%
ArweaveArweave
Infrastructure and Tools
5.0%
$462,774,349
$9.24
-0.8%
Graph ProtocolGraph Protocol
Infrastructure and Tools
4.9%
$674,101,702
$0.10
-1.1%
Ethereum Name ServiceEthereum Name Service
Infrastructure and Tools
3.9%
$301,448,352
$14.89
-6.5%

* After quarterly Index rebalances, there may be a delay in portfolio constituent changes being reflected here.

Index

Index

The Ball Multicoin Bitwise Metaverse Index

Index Methodology

See methodology here

Index Rebalance

Quarterly

Index Eligibility Criteria

Market cap, liquidity, custody support, and more are considered. See methodology for full description.

Key Facts

Minimum Investment
Subscriptions

Weekly, on Wednesday

Redemptions

Monthly, last Wednesday of the month*

Lock-Up Period

Six months

Asset Class

Crypto Assets

Investor Qualifications

Qualified Purchasers only

* Subject to certain restrictions and a 30-day notice period.

Fees and Expenses

Management Fee
Performance Fee

0%

* The Sponsor has elected to implement a 5.0% Expense Cap on total Trust Expenses. Total Trust Expenses include 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

Sponsor

Bitwise Investment Advisers, LLC

Bank

Silvergate

Offer Summary

Ownership units offered under Regulation D / 506 (c)

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

Methodology

The Ball Multicoin Bitwise Metaverse Index employs carefully developed and tested rules to intelligently screen out risks. The index is reconstituted quarterly to help ensure it keeps up to date with the rapidly evolving market. Fast-rising assets are added quickly and fading assets are removed.

The index methodology takes into account crypto-native factors surrounding liquidity, security, regulatory status, market representation, network distributions and more to help ensure it fully captures the investable crypto market opportunity.

  • The most important Metaverse-related crypto assets, rebalanced quarterly
  • Robust diligence of eligibility criteria
  • 24/7 monitoring for sudden events

Partners

Matthew Ball

Matthew Ball is a venture capitalist and a definitive thought leader in Metaverse strategy and investing. He is the CEO of Epyllion, a Metaverse-focused holding company.

Multicoin Capital

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies.

Bitwise Asset Management

Bitwise is one of the largest and fastest-growing crypto asset managers, and the leading provider of crypto indexes and crypto index funds.

Become an investor in the Ball Multicoin Bitwise Metaverse Index Fund today

The Ball Multicoin Bitwise Metaverse Index Fund is a simple way to gain diversified exposure to the most important Metaverse-related crypto assets. It is currently limited to qualified purchasers, with a $100,000 minimum investment.