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

San Francisco • November 30, 2022 UTC

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

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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