Private Fund

Bitwise Compound Fund

The Bitwise Compound (COMP) Fund is an easy and efficient way to get exposure to COMP, one of the leading DeFi lending and borrowing protocols.* The Fund offers investors a means of participating in the COMP market with the security and convenience of a traditional investment vehicle managed by a dedicated crypto asset management firm. It lowers logistical barriers to entry such as exchange access, custody, and execution costs.

*Measured by total value locked (TVL), the net total value of the capital deposited in the platform.

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

Returns

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

Estimated NAV‡: $1.05

1 Month
3 Months
YTD
12 Months
Since
Inception†
The Bitwise Compound Fund *
-25.1%
-18.7%
-80.3%
-81.9%
-89.5%
Compound **
-25.1%
-18.3%
-79.9%
-81.5%
-89.2%

* Fund returns are calculated net of expenses. The Fund is subject to a 2.0% Expense Ratio that 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.

** Historical performance of Compound (COMP) is not illustrative of the performance of the Bitwise Compound (COMP) Fund. The returns of COMP are historical and unaudited and do not represent the returns of an actual fund. The historical returns of COMP do not include the fees and expenses that are charged by any Fund investments. Actual Fund returns may differ materially from the historical returns of COMP and past performance is not a guarantee of future performance. Please refer to additional important disclosures here.

† The Bitwise Compound Fund inception date: November 1, 2021.

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

Key Facts

Minimum Investment
Subscriptions

Weekly, on Tuesday and Thursday

Redemptions

Weekly, on Wednesday*

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
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

WithumSmith+Brown, PC

Tax

Cohen & Company

Custodian

Anchorage Digital Bank

Sponsor

Bitwise Investment Advisers, LLC

Offer Summary

Shares offered and sold under the exemption provided by Rule 506(c) of Regulation D

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 Compound Fund today

The Bitwise Compound Fund is a simple and convenient way to gain exposure to Compound (COMP). The Fund currently has a $10,000 minimum investment, and is open to accredited investors only.