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.

Invest Now

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‡: $4.35

1 Month
3 Months
YTD
12 Months
Since
Inception†
Bitwise 10 ex Bitcoin Crypto Index Fund *
-40.2%
-32.7%
-53.3%
-56.5%
Bitwise 10 ex Bitcoin Crypto Index Fund Institutional Class *
Bitwise 10 ex Bitcoin Index **
-40.1%
-32.3%
-52.8%
-55.3%
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 here.

† Bitwise 10 ex Bitcoin Crypto Index Fund 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)
EthereumEthereum
77.8%
$237,089,827,264
$1,966.76
-1.26%
SolanaSolana
5.5%
$16,735,723,862
$50.15
-2.71%
CardanoCardano
5.4%
$16,423,978,069
$0.51
-2.24%
PolkadotPolkadot
3.5%
$10,793,016,504
$9.75
-1.93%
AvalancheAvalanche
2.6%
$7,893,572,302
$29.39
-0.63%
LitecoinLitecoin
1.6%
$4,833,946,664
$68.90
-2.42%
PolygonPolygon
1.5%
$4,399,956,710
$0.64
-0.23%
CosmosCosmos
1.1%
$3,306,861,644
$11.30
6.69%
ChainLinkChainLink
1.1%
$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 ex Bitcoin 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
$25,000
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

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 wires

Become 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.