Bitwise Crypto Index Committee Meeting (October 2021)

San Francisco • October 25, 2021

Meeting Details

Date: October 25, 2021

Time: 2:00 – 3:00 p.m. PT

Reason for Meeting: Standard Monthly Meeting

In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), David Lawant (Member), Hong Kim (Observer), Katherine Dowling (Observer), Satyajeet Pal (Observer), Ryan Rasmussen (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 All Methodological Decisions That Require Judgment, or Any Adjustments to the Methodology

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

Discussion: Introduction of new rule to the Bitwise Crypto Index Methodology: The committee unanimously voted in favor of adding a new rule to the Bitwise Crypto Index Methodology that requires eligible assets to sustain a price of over $0.01 for the last 30 consecutive days before the rebalancing date to ensure that all assets included in the index have a robust price discovery mechanism in place.

As a result, rule III.B.i.i of the Bitwise Crypto Index Methodology reads as follows:

i. Has maintained a unit price greater than $0.01 for the past 30 consecutive days.

Item 3: 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 related to the inclusion of any constituent in the Index.

Discussion: There were no market developments that raised concerns or issues for the index.

Item 4: Adjournment

The Chairman adjourned the meeting.

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About Bitwise

Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For six years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 60 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco and New York. For more information, visit www.bitwiseinvestments.com.

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