Private Fund

Bitwise 10 Crypto Index Fund (non-OTC Trust)

The Bitwise 10 Crypto Index Fund (non-OTC Trust) is an easy and efficient way to gain diversified exposure to bitcoin and other leading cryptocurrencies in a traditional private placement vehicle, which allows subscriptions and redemptions at net asset value. 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 does not intend to pursue quotation on the OTCQX market, which may eliminate the complexities related to minimum holding periods, transfer of shares, and price volatility related to the secondary market trading of shares.

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Documents

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

Share Class

Returns

As of: May 20, 2022 8:00 PM UTC

Estimated NAV‡: $5.36

1 Month
3 Months
YTD
12 Months
Since
Inception†
Bitwise 10 Crypto Index Fund (non-OTC Trust) *
-33.5%
-27.5%
-44.2%
-46.4%
Bitwise 10 Crypto Index Fund (non-OTC Trust) Institutional Class *
Bitwise 10 Large Cap Crypto Index **
-33.3%
-26.9%
-43.1%
-33.8%
-44.9%
Bitcoin ***
-29.0%
-23.7%
-36.2%
-27.3%
-37.3%

* Fund returns are calculated net of expenses. Investor Shares are subject to a 2.5% Expense Ratio; Institutional Shares are subject to a 2.0% Expense Ratio. The 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.

** 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.
† Bitwise 10 Crypto Index Fund (non-OTC Trust) inception date: September 9th, 2021

‡ Estimated NAV as of May 20, 2022 8:00 PM UTC; non-GAAP, unaudited.

Fund Holdings*

As of: May 20, 2022 8:00 PM UTC

Name
Weight
Market Cap
Price
Change (24hr)
BitcoinBitcoin
64.6%
$556,709,258,656
$29,263.95
-2.24%
EthereumEthereum
27.5%
$237,089,827,264
$1,966.76
-1.26%
SolanaSolana
1.9%
$16,735,723,862
$50.15
-2.71%
CardanoCardano
1.9%
$16,423,978,069
$0.51
-2.24%
PolkadotPolkadot
1.3%
$10,793,016,504
$9.75
-1.93%
AvalancheAvalanche
0.9%
$7,893,572,302
$29.39
-0.63%
LitecoinLitecoin
0.6%
$4,833,946,664
$68.90
-2.42%
PolygonPolygon
0.5%
$4,399,956,710
$0.64
-0.23%
CosmosCosmos
0.4%
$3,306,861,644
$11.30
6.69%
ChainLinkChainLink
0.4%
$3,257,902,376
$6.98
-1.24%

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

Index

Index

The Bitwise 10 Large Cap Crypto Index

Index Methodology

See methodology here

Index Rebalance

Monthly, on the last business day of each month

Index Eligibility Criteria

Market cap, trade volume, custody support, exchange availability, security vulnerabilities, exploit history and risks, development community, risk of being deemed security, and more are considered. See methodology for full description.

Index Advisory Board

Spencer Bogart, Srikant Dash, and Matt Hougan

Key Facts

Minimum Investment

$50,000

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

2.50%*

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

Coinbase Custody Trust Company, LLC

Sponsor

Bitwise Investment Advisers, LLC

Offer Summary

Shares offered under Regulation S or 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

Become an investor in the Bitwise 10 Crypto Index Fund (non-OTC Trust) today

The Bitwise 10 Crypto Index Fund (non-OTC Trust) is a simple and convenient way to invest in the cryptocurrency market. It currently has a $50,000 minimum investment, and is open to accredited investors only.