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Bitwise Crypto Index Committee Meeting (September 2021)

San Francisco • September 24, 2021

Meeting Details

Date: September 24, 2021

Time: 3:00 – 4:00 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)

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: There were no methodological decisions that required judgment and needed to be discussed or approved in this meeting.

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 cryptomarket 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: The Bitwise Crypto Index Committee discussed the outage that affected cryptoasset Solana (SOL), a constituent of the Bitwise 10 Large Cap Crypto Index among other indexes overseen by the Committee, on September 14, 2021. The Solana network was offline for 17 hours due to a denial-of-service attack. The Index Committee members were monitoring the situation and decided at the time that it was not necessary to call an emergency meeting to discuss Solana’s eligibility for the Bitwise Crypto Indexes, since an upgrade and restart of the network were coordinated to restore the network to full functionality. It was agreed that the decision was correct and that no further action needs to be taken at this time.

Item 4: Adjournment

The Chairman adjourned the meeting.

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About Bitwise

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers, offering both index and active strategies across a wide array of investment vehicles. The firm is known for creating the world’s largest crypto index fund (OTCQX: BITW), a suite of crypto-focused equity and futures ETFs, and investment products that span Bitcoin, Ethereum, DeFi, NFTs, and the Metaverse. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.

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