Carefully consider the risk factors, investment objectives, fees, expenses, and other information associated with each of the following: Bitwise 10 Crypto Index Fund, Bitwise 10 ex Bitcoin Crypto Index Fund, Bitwise 10 Crypto Index Fund (non-OTC Trust), Bitwise Blue-Chip NFT Index Fund, Bitwise DeFi Crypto Index Fund, Bitwise 10 Index Offshore Fund, Ltd., Ball Multicoin Bitwise Metaverse Index Fund, Digital Asset Index Fund, LLC, Bitwise Aave Fund, Bitwise Bitcoin Fund, Bitwise Compound Fund, Bitwise Ethereum Fund, LLC, Bitwise Polygon Fund, and Bitwise Uniswap Fund (each, a "Fund" and collectively the “Funds”), the units or shares of said Funds (the “Shares”), or the Bitwise BTC/ETH Equal Weight SMA (the "Strategy," and collectively with the Funds and the Shares, the "Products") before making an investment decision regarding any of the Products. Such risk factors, investment objectives, fees, expenses and other important information can be found in each Fund’s Private Placement Memorandum, which can be obtained from Bitwise Asset Management, Inc. and its affiliates (collectively “Bitwise”), and the Strategy's Pamphlet, which can be obtained through a participating registered investment adviser. For the Bitwise 10 Crypto Index Fund (OTCQX: BITW) (the "BITW Fund"), the shares of which are registered with the Securities and Exchange Commission pursuant to Section12(g) of the Securities and Exchange Act of 1934, as amended, and are quoted on the OTCQX, the public filings and disclosures can be located on the website of the Securities and Exchange Commission at www.sec.gov. Such documents may not contain all of the information necessary for a prospective investor to make a fully informed investment decision, and all investors are encouraged to read all available documents prior to making an investment decision.
All Products are speculative investments that involve a high degree of risk and uncertainty. Certain Products may be limited to investment by accredited investors who can afford loss of the entire investment. There is no guarantee that any Product will meet its investment objective.
For the BITW Fund, which has Shares available for trading on the OTCQX Best Market, there can be no assurance that the value of the Shares, if traded on this secondary market, will reflect the value of the BITW Fund's net assets. Shares of any fund traded on such secondary market may trade at a substantial premium over, or a substantial discount to, the value of the fund's net assets, because, among other factors, such funds do not currently operate a redemption program, and because, among other factors, such funds’ Shares when initially issued are subject to the holding period under Rule 144 of the Securities Act. As a result of these factors, there is no arbitrage mechanism to keep the price of the Shares closely linked to the value of the fund's net assets, and therefore the performance of the fund's Shares may deviate significantly from the performance of the fund's Net Asset Value per share (“NAV”). There is no guarantee that any Fund will meet its investment objective.
Certain of the Bitwise Products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Because crypto assets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit the ability to sell, exchange or use a crypto asset. The price of a crypto asset may be impacted by the transactions of a small number of holders of such crypto asset. Crypto assets may decline in popularity, acceptance or use, which may impact their price. Non-Fungible Tokens ("NFTs") are an extremely new artistic and cultural phenomenon, and interest in such artwork could wane. If the demand for NFT artwork diminishes, the prices of NFT items could be negatively affected. The market for NFTs can be subject to shallow trade volume, extreme hoarding, low liquidity and high bankruptcy risk. NFTs are also subject to risks and challenges associated with intellectual property rights and fraud.
The Metaverse is a new phenomenon, and interest in, and development of, the Metaverse could wane. If the demand for the Metaverse diminishes, the prices of Metaverse-related crypto assets could be negatively affected. Temporary popularity of some Metaverse crypto assets may result in short-term value increases that prove unsustainable as tastes shift. In general, Metaverse protocols do not operate on a native blockchain, but rather are built and operated on other public blockchain networks. As a result, a Metaverse protocol does not control the blockchain network on which it operates. Any adverse impacts or changes on the underlying blockchain network could have a negative effect on the operation of the Metaverse protocol and, as a result, could impact the price of the Metaverse protocol’s crypto asset. Such adverse impacts can include, but are not limited to, technical bugs, hacks, 51% attacks or network congestion due to, among other issues, high fees. See the Ball Multicoin Bitwise Metaverse Index Fund's offering documents for full list of risks. Bitwise Investment Advisers, LLC, serves as the sponsor of the Fund and is not affiliated with Matthew Ball, Epyllion, or Multicoin Capital.
Prior to making any investment decision in respect of any Product, each investor must undertake its own independent examination and investigation of the Product, including the merits and risks involved in an investment in the Product, and must base its investment decision, including a determination of whether the Product would be a suitable investment for the investor, on such examination and investigation and must not rely on Bitwise or the Products in making such investment decision. Prospective investors must not construe the contents of this website as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisors with respect to legal, tax, regulatory, financial, accounting and similar consequences of investing in any Product, the suitability of the investment for such investor and other relevant matters concerning an investment in any Product.
This website contains an overview summary of the terms of each Product. This website is neither an offer to sell nor a solicitation to buy units or shares in any Product. Any such offer or solicitation will be made solely through definitive offering documents, identified as such, which will contain information about each Product's investment objectives and terms and conditions of an investment and may also describe risks and tax information related to an investment therein, and which will qualify in their entirety the information set forth on this website. The summary set forth on this website does not purport to be complete, and is qualified in its entirety by reference to the definitive offering documents relating to each Product. Do not place undue reliance on this website.
The Shares of any Fund have not been approved or disapproved by the Securities and Exchange Commission, are not registered under the Securities Act of 1933 (the “Securities Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or other regulatory body. Bitwise is not registered as an Investment Adviser under the Investment Advisers Act of 1940 (the “Advisers Act”), and is not registered as a Commodity Pool Operator or Commodity Trading Adviser under the Commodity Exchange Act (the “Commodity Exchange Act”).
Shares of any Fund that are available in private placements are offered pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder and other exemptions of similar import in the laws of the states and jurisdictions where the offering will be made, and are only issued and sold directly by the Fund to accredited investors. As a result, the Shares of each such Fund when initially sold are restricted and subject to significant limitations on transfer and resale.
Prospective investors in any Fund should very carefully consider such risks prior to making any investment decision, including the fact that certain Funds may not offer a redemption program if the shares of the Fund are traded on a secondary market. The Shares of Funds that are publicly quoted on the OTCQX Best Market are Shares that have become “unrestricted” under Rule 144 of the Securities Act (although Shares held by affiliates and insiders will be subject to additional restrictions on resales, including restrictions on the number of Shares that may be resold within any three-month period). Shares that have become unrestricted after the statutory holding period may be quoted on the OTCQX Best Market and may be purchased and sold throughout the trading day through any brokerage account with access to such markets.