Private Fund

Bitwise 10 Index Offshore Fund

A smart and secure way to get diversified exposure to crypto assets. The fund tracks the cryptocurrencies in the Bitwise 10 Large Cap Crypto Index, which is a basket of the largest coins, weighted by 5-year diluted market capitalization and rebalanced monthly. The fund provides the security and convenience of a traditional investment vehicle.

Documents

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

Share Class

Returns

As of: December 5, 2022 9:00 PM UTC

Estimated NAV‡: $1,644.88

1 Month
3 Months
YTD
12 Months
Since
Inception†
Bitwise 10 Index Offshore Fund *
-22.5%
-17.7%
-66.8%
-69.4%
64.5%
Bitwise 10 Index Offshore Fund Institutional Class *
-22.4%
-17.5%
-66.6%
-69.2%
66.7%
Bitwise 10 Large Cap Crypto Index **
-22.3%
-17.1%
-66.0%
-68.7%
79.4%
Bitcoin ***
-20.6%
-14.1%
-63.1%
-65.4%
129.6%

* 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 Index Offshore Fund inception date: July 18, 2018.

‡ Estimated NAV as of December 5, 2022 9:00 PM UTC; non-GAAP, unaudited.

Fund Holdings*

As of: December 5, 2022 9:00 PM UTC

Name
Weight
Market Cap
Price
Change (24hr)
BitcoinBitcoin
62.0%
$325,555,274,634
$16,938.97
-0.9%
EthereumEthereum
28.8%
$151,365,030,416
$1,255.94
-1.7%
CardanoCardano
2.1%
$11,156,812,423
$0.32
-1.4%
PolygonPolygon
1.5%
$7,886,018,634
$0.9
-1.8%
PolkadotPolkadot
1.2%
$6,443,264,080
$5.48
-1.5%
LitecoinLitecoin
1.1%
$5,731,235,139
$79.92
3.8%
SolanaSolana
0.9%
$4,984,479,945
$13.73
0.4%
UniswapUniswap
0.9%
$4,635,053,540
$6.15
-2.3%
AvalancheAvalanche
0.8%
$4,082,292,265
$13.58
-1.2%
ChainLinkChainLink
0.7%
$3,554,883,007
$7.23
-2.0%

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

Key Facts

Minimum Investment

$100,000

Subscriptions
Weekly, on Tuesday and Thursday
Redemptions

Weekly, on Wednesday*

Asset Class
Cryptocurrency
Investor Qualifications

Investors must be non-U.S. persons or tax-exempt U.S. accredited investors

* 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 & 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

Exempted Company incorporated in the Cayman Islands

Contributions

Bank wires only. Cryptocurrency not accepted.

Become an investor in the Bitwise 10 Index Offshore Fund today

The Bitwise 10 Index Offshore Fund is a smart and convenient way to invest in the cryptocurrency market. It currently has a $100,000 minimum investment.