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Publicly Traded

BITW

Bitwise 10 Crypto Index Fund

A secure way to get diversified exposure to bitcoin and leading cryptocurrencies. The Fund seeks to track an Index comprised of the 10 most highly valued cryptocurrencies, screened & monitored for certain risks, weighted by market capitalization, and rebalanced monthly. The fund provides the security and simplicity of a traditional investment vehicle, with shares tradable in brokerage accounts using ticker “BITW.”

TICKER: BITW | CUSIP: 091749101

Private Placement Closed
The Bitwise 10 Crypto Index Fund private placement is currently closed

Shares of the Bitwise 10 Crypto Index Fund can be publicly traded with ticker BITW.

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Market Price*

$47.04

Intraday Nav**

$57.93

AUM†

$1,173M

Price Change Today

$-1.68 / -3.45%

Previous Day Nav††

$60.38

* Market price as of 12/03/2021 1pm EDT. ** Intraday NAV as of 12/03/2021 1pm EDT. Estimate calculated by Bitwise each hour. † Estimated AUM at 12/03/2021 1pm EDT; non-GAAP, un-audited. †† Estimated NAV per share at 12/02/2021 4pm EDT; non-GAAP, un-audited. Shares of the Bitwise 10 Crypto Index Fund are registered with the Securities and Exchange Commission pursuant to Section 12(g) of the Securities and Exchange Act of 1934, as amended. The Shares are not registered under the Securities Act of 1933 (the “Securities Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or any other regulatory body. The Fund does not currently operate a redemption program.

Documents and Important Information

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

Performance

As of December 02, 2021 4pm EDT

Past performance does not predict future results. The blue line shows the performance of the Fund on a NAV per share basis, net of fees and expenses. The green line shows the last daily traded price for the shares on OTCQX.

Returns

As of December 02, 2021 4pm EDT

1 Month 3 Months YTD 12 Months Since
Inception†
Bitwise 10 Crypto Index Fund* -6% 14% 144% 246% 504%
Bitwise 10 Large Cap Crypto Index** -6% 14% 152% 254% 552%
Bitcoin*** -10% 16% 96% 199% 592%

* Fund returns are calculated net of expenses. Investor units are subject to a 2.5% annual fee 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.
** 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.
*** The returns of bitcoin (BTC) 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. Please refer to additional important disclosures in the Fact Sheet.
† 11/22/2017 was the inception of the fund

Fund Holdings*

As of December 02, 2021 4pm EDT

Download Crypto Holdings Per Share as of December 02, 2021 4pm EDT

Fund Holdings*

As of December 02, 2021 4pm EDT

Name Weight Market Cap Price Change (24hr)
Bitcoin logo Bitcoin 59.25% $1,077,627,080,132 $57,066 0.46%
Ethereum logo Ethereum 29.59% $537,824,360,262 $4,539 -0.66%
Solana logo Solana 3.99% $72,890,704,722 $240 6.54%
Cardano logo Cardano 3.19% $57,820,718,574 $2 11.67%
Polygon logo Polygon 0.8% $14,590,865,395 $2 7.54%
Litecoin logo Litecoin 0.79% $14,273,174,623 $207 -0.5%
Algorand logo Algorand 0.66% $12,053,757,509 $2 0.21%
ChainLink logo ChainLink 0.64% $11,607,833,145 $25 -2.22%
Bitcoin Cash logo Bitcoin Cash 0.59% $10,731,064,305 $567 -0.45%
Uniswap logo Uniswap 0.51% $9,495,636,371 $23 8.14%

Download Crypto Holdings Per Share as of December 02, 2021 4pm EDT

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

Fund Details

As of December 02, 2021 4pm EDT

Ticker
BITW
Bloomberg
BITW US
Benchmark Index
Bitwise 10 Large Cap Crypto Index
Index Rebalancing
Monthly
CUSIP
091749101
ISIN
US0917491013
Market
OTCQX
Fund Type
Crypto Index Fund
Inception Date
November 22, 2017
AUM
$1,173M
Shares Outstanding
20,241,947
Expense Ratio
2.5%*
Performance Fee
0%
Tax Reporting
Schedule K-1
Sponsor
Bitwise Investment Advisors
Fund Attorney
Wilson Sonsini Goodrich & Rosati
Administrator
Theorem Fund Services
Custodian
Coinbase Custody Trust Company, LLC
Auditor
KPMG LLP
Transfer Agent
American Stock Transfer & Trust Company, LCC (AST)
Private Placement
Weekly, Contact for Details

* 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.

Shares of the Bitwise 10 Crypto Index Fund are registered with the Securities and Exchange Commission pursuant to Section 12(g) of the Securities and Exchange Act of 1934, as amended. The Shares are not registered under the Securities Act of 1933 (the “Securities Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or any other regulatory body. The Fund does not currently operate a redemption program.

Methodology

The Bitwise Crypto Indexes follow clear, rules-based processes to make them both investable and replicable. The methodologies take into account crypto-native factors surrounding liquidity, security, regulatory status, market representation, network distributions, and more to ensure they fully capture the investable crypto-asset market opportunity.

  • The most valuable assets rebalanced monthly
  • Robust diligence of eligibility criteria
  • 24/7 monitoring for sudden events
View Methodology

Index Advisory Board

Spencer Bogart
Spencer Bogart
Managing Director and Head of Research at Blockchain Capital
Previously VP of Equity Research at Needham & Company.
Srikant Dash
Srikant Dash
Senior Strategic Advisor
Previously Global Head of Index Business at Bloomberg LP. Before that, Managing Director and Global Head of Research & Design at Standard & Poor’s.
Matt Hougan
Matt Hougan
Chief Investment Officer
Previously CEO at Inside ETFs, Managing Director of Global Finance at Informa. Before that, CEO of ETF.com. Co-authored the CFA Institute's monograph on ETFs.