1: Welcome and Attendance

All members of the Committee were present at the meeting.

2: Discussion of Hard Fork Rule

Committee Chair Matt Hougan proposed a change to the Hard Fork Rule to adopt the following language:

Hard forks are new crypto assets that are granted to holders of existing crypto assets when portions of the consensus nodes adopt different policies. When a significant hard fork occurs, the Bitwise Crypto Index Committee will determine which asset will count as the continuing asset and which asset will be the new "hard fork asset." The Committee will rely on a variety of factors when making this calculation, including the relative market capitalization of each asset.

The act of claiming a hard fork requires agency on the part of crypto asset holders and also introduces risk. As such, the Bitwise Crypto Indexes do not incorporate the value of forked assets into index values. It is our expectation that fund managers tracking Bitwise Crypto Indexes may well take action to idiosyncratically claim hard fork assets, and that the value of those rewards will return to those funds as excess returns.

The Committee voted 3-0 to adopt the new language.

3: Adjournment

The Chair adjourned the meeting.