Private Fund
Bitwise Ethereum Fund
The Bitwise Ethereum Fund is a smart and secure way to get exposure to ether (ETH). Get access to one of the world’s largest crypto assets with the security and convenience of a traditional investment vehicle managed by a dedicated crypto asset management firm. The Fund offers investors a means of participating in the ether market while lowering logistical barriers to entry such as exchange access, custody, and execution costs.
Documents
Please see additional fund-specific disclosures in the Fact Sheet.
Returns
As of: April 17, 2024 8:00 PM UTC
Estimated NAV‡: $32,528.31
Inception †
* Fund returns are calculated net of expenses. Investor Units are subject to a 1.5% Expense Ratio; Institutional Units are subject to a 1.0% 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.
** Historical performance of Ethereum (ETH) is not illustrative of the performance of the Bitwise Ethereum Fund. The returns of Ethereum 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 Ethereum (ETH). Please refer to additional important disclosures here.
† The Bitwise Ethereum Fund inception date: December 12th, 2018.
‡ Estimated NAV as of April 17, 2024 8:00 PM UTC; non-GAAP, unaudited.
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.
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
KPMG LLP
Tax
Cohen & Company
Custodian
Coinbase Custody Trust Company, LLC
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 and ETH only
Become an investor in the Bitwise Ethereum Fund today
The Bitwise Ethereum Fund is a smart and convenient way to get exposure to Ethereum (ETH). It is currently limited to accredited investors, with a $25,000 minimum investment.