Special Meeting: August 19, 2025
Date: 08/18/2025
Time: 4:00-5:00 p.m. ET
Reason: Special meeting to amend implementation date of methodology rule
Attendance:
Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member)
Meeting Notes
Item 1: Amend Implementation Date of a New Methodology Rule
Description: The Bitwise Crypto Index Committee voted that rule Rule VII.A.i.a.3 of the Bitwise Crypto Asset Index Methodology would be adopted as of 4 p.m. ET, August 25, 2025. The rule reads as follows:
At each monthly rebalance, the Bitwise 10 Large Cap Crypto Index will first weight Eligible Crypto Assets based on free-float-adjusted market capitalization. The index will then evaluate the weighting to ensure at least 87.5% of the index is allocated to crypto assets for which the U.S. Securities and Exchange Commission (SEC) has approved single-asset ETPs (“Approved Components”). In the event that less than 87.5% of the index is allocated to Approved Components, the index will reallocate weight from non-Approved Components to Approved Components in a manner proportionate to their respective free-float-adjusted market-cap weights, until at least 87.5% of the index is allocated to Approved Components. Further, on each NYSE trading day, the index will evaluate its holdings as of 12 p.m. ET. If, on any such day, less than 86% of the index is allocated to Approved Components, the index will effect a rebalance at 4 p.m. ET on the same day so that at least 87.5% of the index is allocated to Approved Components.
Vote: The Committee voted 3-0 to approve this change.
Item 2: Adjournment
The Chair adjourned the meeting.