Date: 07/22/2025

Time: 10:30 - 11:30 a.m. PT

Reason: Standard monthly meeting

Attendance:
Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member), Katherine Dowling (Observer), Ryan Rasmussen (Observer), Arber Xhindoli (Observer)

Meeting Notes

1: Welcome and Attendance

Matt Hougan (Chair), Hong Kim (Member), and Hunter Horsley (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 potential changes to section V. Market Capitalization Methodology of the Bitwise Crypto Asset Index Methodology, addressing the free-float-adjusted issuance of a given crypto asset. The Committee also discussed potential changes to section IV. Asset Pricing Methodology, addressing crypto asset prices. No changes to the Bitwise Crypto Index Methodology occurred following the discussion.

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 a future penalty when updating MKR to SKY, Nasdaq 19b-4 amendments, and the House of Representatives passing the Clarity Act and GENIUS Act, among others.

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.