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 and 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
Market Price*
$8.89
Intraday Nav**
$16.98
AUM†
$344M
Price Change Today
$0.04 / 0.45%
Previous Day Nav‡
$17.12

* Market price as of July 1, 2022 7:59 PM UTC.
** Intraday NAV as of July 3, 2022 7:00 PM UTC. Estimate calculated by Bitwise each hour.
† Estimated AUM as of July 3, 2022 7:45 PM UTC.; non-GAAP, unaudited.
‡ Estimated NAV per share as of July 1, 2022 8:00 PM UTC; non-GAAP, unaudited.

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 July 1, 2022 8:00 PM UTC

To

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: July 3, 2022 7:00 PM UTC

1 Month
3 Months
YTD
12 Months
Since
Inception†
SINCE OTCQX QUOTATION‡
Bitwise 10 Crypto Index Fund (NAV) *
-36.9%
-63.2%
-64.6%
-48.5%
70.5%
2.4%
Secondary Market Performance (OTCQX: BITW)
-41.1%
-73.2%
-76.7%
-76.4%
N/A
-70.3%
Bitwise 10 Large Cap Crypto Index **
-36.8%
-63.0%
-64.1%
-47.1%
86.9%
6.3%
Bitcoin ***
-36.4%
-58.3%
-58.0%
-42.3%
133.4%
5.0%

* Fund returns are calculated net of expenses. Shares 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 here.

† Bitwise 10 Crypto Index Fund inception date: November 22, 2017.

‡ Inception of quotation on OTCQX: December 9, 2020. (This was the first day that Shares of the Bitwise 10 Crypto Index Fund were eligible to trade on the OTCQX® Best Market.)

Fund Holdings*

As of: July 3, 2022 7:00 PM UTC

Name
Weight
Market Cap
Price
Change (24hr)
BitcoinBitcoin
67.0%
$367,298,652,437
$19,250.74
-0.6%
EthereumEthereum
23.6%
$129,233,051,059
$1,065.09
-0.1%
CardanoCardano
2.8%
$15,471,241,882
$0.46
1.6%
SolanaSolana
2.1%
$11,341,402,788
$33.09
-0.4%
PolkadotPolkadot
1.4%
$7,707,533,819
$6.84
0.3%
AvalancheAvalanche
0.8%
$4,619,314,921
$16.37
-0.5%
PolygonPolygon
0.7%
$3,832,119,549
$0.48
3.1%
LitecoinLitecoin
0.7%
$3,568,572,039
$50.54
-1.8%
ChainLinkChainLink
0.5%
$2,891,185,301
$6.19
1.4%
UniswapUniswap
0.4%
$2,243,896,353
$4.92
1.0%
Download Crypto Holdings Per Share as of July 3, 2022 7:00 PM UTC

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

Fund Details

As of July 3, 2022 7:00 PM UTC

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
$344M
Shares Outstanding
20,241,947
Expense Ratio

2.5%*

Performance Fee

0%

Tax Reporting

Schedule K-1

Sponsor

Bitwise Investment Advisers, LLC

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, LLC (AST)

* 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

Index Advisory Board

Spencer Bogart

Managing Director and Head of Research at Blockchain Capital
Previously VP of Equity Research at Needham & Company.

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 at Bitwise
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.