Bitwise Crypto Index Committee Meeting (February 2022)
San Francisco • February 22, 2022
Meeting Details
Date: February 22, 2022
Time: 12:00 – 1:00 p.m. PT
Reason for Meeting: Standard Monthly Meeting
In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), David Lawant (Member), Hong Kim (Observer), Satyajeet Pal (Observer), Phillip Ward (Observer), Gayatri Choudhury (Observer), Kristen Corkill (Meeting minutes)
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: The Committee voted unanimously in favor of a proposal to change the wording of Rule V.A.II of the methodology from “All coins that are publicly known to be lost, burned, programmatically time-locked, or verifiably illiquid in another way” to “All coins that are publicly known to be lost or burned.”
The removal of the phrase “programmatically time-locked” is designed to clarify that the rule is not intended to remove from free-float calculations coins staked by individual users. The phrase “verifiably illiquid in another way” was removed because it was redundant with Rule V.A.III of the methodology.
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 crypto market 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: There were no market developments that raised concerns or issues for the Index.
Item 4: Adjournment
The Chair adjourned the meeting.
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 seven 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 90 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, New York, and London.
