Private Fund
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. Assets are held in custody with a regulated, third-party custodian.
Please see additional fund-specific disclosures in the Fact Sheet.
Returns
As of: April 18, 2024 8:00 PM UTC
Estimated NAV‡: $2.04
Inception †
* Fund returns are calculated net of expenses. The Fund is subject to a 2.5% 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.
** 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 April 18, 2024 8:00 PM UTC; non-GAAP, unaudited.
Fund Holdings*
As of: April 18, 2024 8:00 PM UTC
Uniswap
Maker
Lido DAO
Aave
Curve
Compound
0x
Loopring
Convex Finance
SushiSwap* After rebalances there may be a delay in 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 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
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
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
The Bitwise DeFi Crypto Index Fund is a simple and secure way to gain diversified exposure to one of the fastest-growing and most exciting parts 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. It is currently limited to accredited investors, with a $25,000 minimum investment.