Private Fund
Bitwise 10 ex Bitcoin Crypto Index Fund
The Bitwise 10 ex Bitcoin Crypto Index Fund is an easy and efficient way to gain diversified exposure to the largest investable crypto assets in the world, excluding bitcoin, with the familiarity and convenience of a traditional investment vehicle. The Fund offers investors a means of allocating to other exciting parts of the crypto industry that bitcoin does not cover, such as decentralized finance apps, NFT infrastructure, and Layer 1 protocols.
Documents
Please see additional fund-specific disclosures in the Fact Sheet.
Share Class
Returns
As of: September 29, 2023 8:00 PM UTC
Estimated NAV‡: $3.1
Inception â€
* 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 here.
† Bitwise 10 ex Bitcoin Crypto Index Fund inception date: September 9th, 2021
‡ Estimated NAV as of September 29, 2023 8:00 PM UTC; non-GAAP, unaudited.
Fund Holdings*
As of: September 29, 2023 8:00 PM UTC
* After rebalances there may be a delay in changes being reflected here.
Index
Index
The Bitwise 10 ex Bitcoin Large Cap Crypto IndexIndex Methodology
See methodology here
Index Rebalance
Monthly, on the last business day of each monthIndex 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
$25,000Subscriptions
Weekly, on Tuesday and ThursdayRedemptions
Weekly, on Wednesday*
Asset Class
Crypto Assets
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. For the first 12 months, redemptions may incur a 3% early withdrawal fee. No withdrawal fee after 12 months.
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 & RosatiAdministrator
Theorem Fund ServicesAudit
KPMG LLPTax
Cohen & Company
Custodian
Coinbase Custody Trust Company, LLCSponsor
Bitwise Investment Advisers, LLC
Offer Summary
Ownership units offered under 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 wiresBecome an investor in the Bitwise 10 ex Bitcoin Crypto Index Fund today
The Bitwise 10 ex Bitcoin Crypto Index Fund is a simple and convenient way to invest in the cryptocurrency market. It currently has a $25,000 minimum investment, and is open to accredited investors only.