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: April 18, 2024 8:00 PM UTC
Estimated NAV‡: $5.71
Inception †
* 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 April 18, 2024 8:00 PM UTC; non-GAAP, unaudited.
Fund Holdings*
As of: April 18, 2024 8:00 PM UTC
Ethereum
Solana
XRP
Cardano
Avalanche
Polkadot
Chainlink
Polygon
Uniswap* After rebalances there may be a delay in changes being reflected here.
Index
Index
Index Methodology
See methodology here
Index Rebalance
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
Subscriptions
Redemptions
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
* 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
Administrator
Audit
Tax
Cohen & Company
Custodian
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
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.