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Bitwise Crypto Index Committee Special Meeting (March 29, 2023)

San Francisco • March 30, 2023

Meeting Details

Date: March 29, 2023

Time: 1:30–2:00 p.m. PT

Reason for Meeting: Special meeting to discuss reconstitution timing

In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member)

Meeting Notes

1: Welcome and Attendance

All members of the Committee were present at the meeting.

2: Vote on Proposed Rule Change for the Bitwise Crypto Asset Index Methodology

The Index Committee met at the request of Chair Matt Hougan to consider a change to rule VI.C.i of the Bitwise Crypto Asset Index Methodology, which governs the reconstitution timing and frequency of the Bitwise Crypto Indexes.

The proposed rule change would change the “record date” of the indexes from the “third-to-last Business Day of the month” to “one week prior to the rebalance date.”

The Committee voted 3-0 in favor of the change. The change will be effective across all Bitwise Crypto Asset Indexes beginning in April 2023.

3: Vote on Proposed Rule Change for the Bitwise Blue-Chip NFT Collections Index Methodology

The Index Committee met at the request of Chair Matt Hougan to consider a change to rule V.B.i of the Bitwise Blue-Chip NFT Collections Index Methodology, which governs the reconstitution timing and frequency of the index.

The proposed rule change would change the “record date” of the index from the “third-to-last Business Day of the month” to “one week prior to the rebalance date.”

The Committee voted 3-0 in favor of the change. The change will be effective beginning in April 2023.

4: Adjournment

The Chair 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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