Item 1: Review and Verify All Data Sources for Uptime, Accuracy, and Robustness

Description: The Committee will discuss if there are any issues with the uptime, accuracy, or robustness of our data sources.

Discussion: The Committee found that all data sources are functioning appropriately.

Item 2: Review and Approve Any Proposed Changes to the Bitwise Crypto Index Methodology

Description: The Committee will discuss and review new methodologies or changes to existing methodologies of the Bitwise Crypto Indexes.

Discussion: The Committee discussed the following items:

i. Eligible Crypto Asset Trading Venue Rule: The Committee discussed the rules governing the eligibility of crypto asset trading venues (Rule III.A.). It determined that a review of eligible trading venue rules and related impacts will be conducted in 2023.

ii. Buffer Rules: The Committee discussed the rule governing Buffer Zones for its indexes (Rule VI.C.ii). It determined that it would conduct additional research on the impact of various Buffer Zone tolerances to share at a future meeting. 

Item 3: Review and Approve All Methodological Decisions That Require Judgment

Description: The Committee will discuss and review any recent methodological implementation decisions that required judgment, as well as any known upcoming decisions.

Discussion: The Committee discussed the application of the rules governing Eligible Crypto Asset Trading Volume, and determined that the rules are being applied appropriately given current market conditions.

Item 4: Developments Impacting the Market and/or Individual Bitwise Crypto Index Constituents

Description: The Committee will discuss significant new and/or pending developments surrounding either the crypto market in general or any Bitwise Crypto Index constituent specifically, and consider whether they raise any concerns or issues for the index. 

Discussion: The Committee discussed multiple developments in the crypto industry, including the ongoing bankruptcy of FTX, Alameda, and the associated contagion; the attempted economic exploit of Aave that left the protocol with $1.2 million of bad debt; and other developments. 

Item 5: Review Expected Changes to Bitwise Indexes


Description: The Committee will review expected changes to the Bitwise Crypto Indexes in the upcoming rebalance.

Discussion: The Committee reviewed preliminary expected changes to the Bitwise indexes as part of the November 2022 reconstitution, and determined that the reconstitution process is running appropriately.

Item 6: Adjournment

The Chair adjourned the meeting.