October 2022
Date: October 27, 2022
Time: 1:00-2:00 p.m. PT
Reason: Standard Monthly Meeting
Attendance:
Matt Hougan (Chair), David Lawant (Member), Hunter Horsley (Member), Hong Kim (Observer), Katherine Dowling (Observer), Satyajeet Pal (Observer), Ryan Rasmussen (Observer), Anais Rachel (Observer), Gayatri Choudhury (Observer), Kristen Corkill (Observer), Philly Ward (Observer)
Meeting Notes
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 found no new items proposed for consideration.
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 liquidity of NFTs and potential liquidity guidelines for the Bitwise Blue-Chip NFT Collections Index. It determined that a review of eligible assets may be conducted at each reconstitution period, and a summary of the collection’s liquidity may be provided to the Committee (including the number of trades in the preceding 90-day period, among other metrics).
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 network uptime, governance developments, and the SEC’s probe into Yuga Labs (the Bored Ape Yacht Club creator), among other developments.
Item 5: Review Expected Changes to Bitwise Indexes
Discussion: The Committee reviewed preliminary expected changes to the Bitwise indexes as part of the October 2022 reconstitution, and determined that the reconstitution process is running appropriately.
Item 6: Adjournment
The Chair adjourned the meeting.