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Bitwise Crypto Index Committee Special Meeting (November 29, 2022)

San Francisco • November 30, 2022

Meeting Details

Date: November 29, 2022

Time: 1:00–2:00 p.m. PT

Reason for Meeting: Special meeting to discuss proposed rule change

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

Meeting Notes

Item 1: Potential Rule Change

Description: The Chair called a meeting to discuss a proposed change to rule III.A.i.h of the index. The rule currently reads:

In the opinion of the Bitwise Crypto Index Committee, relying on all available data, does not inflate or exaggerate the volume of trading on the trading venue.

The goal of this rule is to exclude trading venues from consideration that may exaggerate volume or report noneconomic trading activity.

The proposal was to change the rule to read as follows:

In the opinion of the Bitwise Crypto Index Committee, has significant real spot trading volume.

The goal of this rule is to select venues that the Bitwise Crypto Index Committee believes have economically meaningful trading volume.

Vote: The Committee voted 3-0 to approve this change.

Item 2: 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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