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.
Returns
As of: January 17, 2025 9:00 PM UTC
Estimated NAV‡: $15.12
Inception †
* Fund returns are calculated net of expenses. Performance is shown for Investor Shares. 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 January 17, 2025 9:00 PM UTC; non-GAAP, unaudited.
Fund Holdings*
As of: January 17, 2025 9:00 PM UTC
Bitcoin
Ethereum
XRP
Solana
Cardano
Avalanche
Chainlink
Polkadot
Bitcoin Cash
Uniswap* After rebalances there may be a delay in changes being reflected here.
Index
The Bitwise 10 Large Cap Crypto Index
See methodology here
Monthly, on the last business day of each month
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.
Spencer Bogart, Srikant Dash, and Matt Hougan
Key Facts
$50,000
Weekly, on Tuesday and Thursday
Weekly, on Wednesday*
Crypto Assets
Open to Accredited Investors as defined in Regulation D of the U.S. Securities Act of 1933
* Requires a two-day notice period. For the first 12 months, redemptions may incur a 3% early withdrawal fee. No withdrawal fee after 12 months.
Fees and Expenses
2.50%*
Any investment > $1M will have a fee break of 50 bps.
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
Wilson Sonsini Goodrich & Rosati
Theorem Fund Services
KPMG LLP
WithumSmith+Brown, PC
Coinbase Custody Trust Company, LLC
Bitwise Investment Advisers, LLC
Shares offered under Regulation S or Regulation D / 506 (c)
The fund intends to be treated as a pass-through partnership for tax purposes. K-1s are prepared for investors.
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.