1: Welcome and Attendance

Matt Hougan (Chair), Hunter Horsley (Member), and Hong Kim (Member) 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

The Committee discussed Section V.B.i of the Bitwise Blue-Chip NFT Collections Index Methodology addressing Reconstitution Timing and Frequency.

The rule states: “The Bitwise Blue-Chip NFT Collections Index is reconstituted quarterly at 4 p.m. Eastern Time on the last Business Day of each quarter (March, June, September, December).”

The Committee voted 3-0 in favor of changing this rule to state: “The Bitwise Blue-Chip NFT Collections Index is reconstituted biannually at 4 p.m. Eastern Time on the last Business Day of March and September.”

The change will be effective September 1, 2024.

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 number of developments impacting the market and/or individual Bitwise Crypto Index constituents, including: Ripple Labs’s fine of $125 million by a federal judge; Solana’s patch of a critical vulnerability; Solana wallets being drained by a malicious Chrome extension; and the Polygon ecosystem’s plan for a token migration in September.

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.