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

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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