Private Fund

Bitwise Bitcoin Fund

The Bitwise 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.

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Documents

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

Returns

As of: August 15, 2022 8:00 PM UTC

Estimated NAV‡: $31.72

1 Month
3 Months
YTD
12 Months
Since
Inception†
Bitwise Bitcoin Fund *
13.3%
-21.4%
-47.9%
-48.9%
534.3%
Bitcoin **
13.3%
-21.2%
-47.7%
-48.3%
538.1%

* Fund returns are calculated net of expenses. The Fund is 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 Bitwise 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.

† The Bitwise Bitcoin Fund inception date: December 5th, 2018.

‡ Estimated NAV as of August 15, 2022 8:00 PM UTC; non-GAAP, unaudited.

Key Facts

Minimum Investment
Subscriptions

Weekly, on Tuesday and Thursday

Redemptions

Weekly, on Wednesdays*

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

KPMG LLP

Tax

Cohen & Company

Custodian

Fidelity Digital Asset Services, LLC

Sponsor

Bitwise Investment Advisers, LLC

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

Become an investor in the Bitwise Bitcoin Fund today

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