Bitwise Confirms Close of BITQ Shareholder Vote; Reorganization Anticipated October 27
San Francisco • Sep 30, 2025
Bitwise Asset Management, the global crypto asset manager with over $15 billion in client assets, today announced that the shareholder proxy vote related to the proposed transition of the Bitwise Crypto Industry Innovators ETF (Ticker: BITQ) from ETC Trust to Bitwise Funds Trust has officially passed. With this process complete, the company anticipates a reorganization from ETC Trust to Bitwise Funds Trust on or around October 27, 2025.
The close of the vote marks an important milestone for the Fund, underscoring shareholder engagement in shaping the future of BITQ. The forthcoming reorganization is intended to streamline operations and strengthen The Fund’s ability to deliver long-term value.
“We appreciate the participation of all our shareholders throughout this process,” said Teddy Fusaro, President of Bitwise. “As we move toward October 27, our focus is on ensuring a smooth and effective reorganization that positions BITQ for success in the years ahead.”
Additional details regarding the reorganization will be made available closer to the effective date.
Risks and Important Information
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s full or summary prospectus, which may be obtained by visiting bitqetf.com/materials. Investors should read it carefully before investing.
Investing involves risk, including the possible loss of principal. There is no guarantee or assurance that the methodology used to create the Index will result in the Fund achieving positive investment returns or outperforming other investment products.
In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic, or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in small companies typically exhibit higher volatility.
The Fund is nondiversified and will not invest in crypto assets directly or through the use of derivatives and also will not invest in initial coin offerings. The Fund may, however, have indirect exposure to crypto assets by virtue of its investments in Crypto Innovators that use one or more crypto assets as part of their business activities or that hold crypto assets as proprietary investments.
Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk.
Certain of the Fund’s may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Because crypto assets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit actions that can be taken with regard to crypto assets. The price of a crypto asset may be impacted by the transactions of a small number of holders of such crypto asset. Crypto assets may decline in popularity, acceptance or use, which may impact their price.
The technology relating to crypto assets and blockchain is new and developing. Currently, there are a limited number of publicly listed or quoted companies for which crypto asset and blockchain technology represent an attributable and significant revenue stream.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC serves as the investment advisor of the Fund. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Exchange Traded Concepts, LLC, Bitwise, or any of its affiliates.
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
