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Bitwise DeFi Crypto Index Fund

The Bitwise DeFi Crypto Index Fund is a simple and secure way to gain diversified exposure to one of the fastest-growing segments of the crypto ecosystem. The Fund seeks to track an index of the largest decentralized finance (“DeFi”) crypto assets, a portfolio of protocol tokens that aspire to fundamentally disrupt large parts of the legacy financial ecosystem. Assets are screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly. The Fund aims to track the Bitwise Decentralized Finance Crypto Index, and assets are held in custody with a regulated, third-party custodian.

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Documents

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

Returns

As of December 02, 2021 4pm EDT

Estimated NAV‡: $7.68

1 Month 3 Months YTD 12 Months Since
Inception†
Bitwise DeFi Crypto Index Fund* -14% -23% - - -23%
Bitwise DeFi Index** -14% -22% - - -20%

* Fund returns are calculated net of expenses. Investor units are subject to a 2.5% annual fee 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.
** 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.
Bitwise DeFi Crypto Index Fund inception date: February 16, 2021.

†† Estimated NAV as of December 02, 2021 4pm EDT; non-GAAP, un-audited.

Fund Holdings*

As of December 02, 2021 4pm EDT

Download Crypto Holdings Per Share as of December 02, 2021 4pm EDT

Fund Holdings*

As of December 02, 2021 4pm EDT

Name Weight Market Cap Price Change (24hr)
Uniswap logo Uniswap 39.21% $9,495,636,371 $23 8.14%
Aave logo Aave 13.54% $3,282,090,912 $245 -2.86%
Maker logo Maker 12.2% $2,956,218,886 $2,987 0.02%
Curve logo Curve 8.45% $2,047,524,224 $5 -2.08%
Compound logo Compound 6.73% $1,630,650,881 $271 -0.52%
yearn.finance logo yearn.finance 4.39% $1,065,285,463 $29,076 1.13%
SushiSwap logo SushiSwap 3.94% $953,769,412 $7 -1.73%
0x logo 0x 3.92% $948,529,270 $1 -3.05%
Bancor logo Bancor 3.9% $943,896,306 $4 -2.64%
Ren Protocol logo Ren Protocol 3.73% $902,858,767 $1 -4.59%

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

Index

Index

The Bitwise Decentralized Finance 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.

DeFi Advisory Council

Ben Forman, Scott Lewis, Michael Anderson, Aleks Larsen, and Avichal Garg

Key Facts

Minimum Investment

Subscriptions

Weekly, on Tuesday and Thursday

Redemptions

Weekly, on Wednesdays*

Asset Class

Cryptocurrency

Investor Qualifications

Accredited U.S. investors only

* 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 & Tax

WithumSmith+Brown, PC

Custodian

Anchorage Digital Bank

Sponsor

Bitwise Investment Advisers

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 DeFi Crypto Index Fund today

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