July 2023
Date: July 21, 2023
Time: 10:00-11:00 a.m. PT
Reason: Standard monthly meeting
Attendance:
Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member), Katherine Dowling (Observer), Gayatri Choudhury (Observer), Mallika Kolar (Observer), and Satyajeet Pal (Observer)
Meeting Notes
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 Committee discussed multiple issues that arose in prior months but have since been resolved, including an issue with the NFT infrastructure that led to incorrect asset price calculations and a recurring issue with the availability of CoinAPI trading volume data.
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 review, 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: the Aave DAO’s launch of the crypto-collateralized GHO stablecoin; Polygon’s proposed upgrade to convert the network’s MATIC token into a new token called POL; the Southern District of New York’s ruling in the SEC v. Ripple Labs case; and Uniswap’s beta launch of the UniswapX trading 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.