1: Welcome and Attendance

All members of the Committee were present at the meeting.

2: Review and Verify All Data Sources for Uptime, Accuracy, and Robustness

The Bitwise Engineering team confirmed that all data sources were working as expected with regard to uptime, accuracy, and robustness.

3: Review and Approve Any Proposed Changes to the Bitwise Crypto Index Methodology

There were no proposed changes to the Bitwise Crypto Index Methodology that required judgment, nor were there any upcoming proposed changes to note.

4: Review and Approve All Methodological Decisions That Require Judgment

There were no recent methodological implementation decisions that required judgment, nor were there any upcoming decisions to note.

5: Developments Impacting the Market and/or Individual Bitwise Crypto Index Constituents

The Committee discussed a large number of developments impacting the market and/or individual Bitwise Crypto Index constituents, including: Congress’ draft of legislation providing a statutory framework for digital asset regulation; the SEC’s complaint filed against Binance; the SEC’s complaint filed against Coinbase; the length of time it will take for resolution of the Coinbase and Binance actions; expectations around a forthcoming decision in the SEC vs Ripple case; the unsubstantiated rumors of a possible DOJ action against Tether; the draft code released for Uniswap v4; and the potential for bad debt to be incurred by Aave associated with Curve (CRV) liquidations on the lending protocol, among other topics.

6. Review Expected Changes to the Bitwise Crypto Indexes

The Committee reviewed the expected changes to the Bitwise Crypto Indexes, and determined that the reconstitution process is being executed appropriately.

7: Adjournment

The Chair adjourned the meeting.