Meeting Details

Date: February 22, 2023

Time: 1:00-2:30 p.m. PT

Reason for Meeting: Standard quarterly meeting

In Attendance: Matt Hougan (Chair), Matthew Ball (Member), Jonathan Glick (Member), Kyle Samani (Member), Shayon Sengupta (Member)

Meeting Agenda

1) Welcome and Attendance

All five members of the Committee were present for the meeting, which took place via Zoom.

2) Review and Verify All Data Sources for Uptime, Accuracy, and Robustness

Committee Chair Matt Hougan confirmed that all data sources are performing to expectations.

3) Review and Approve Any Changes to the Ball Multicoin Bitwise Metaverse Index Methodology

The Committee voted 5-0 in favor of changing the pricing source for the crypto assets in the index from the Bitwise Crypto Asset Price to the Lukka Prime Intraday price.

4) Discuss and Approve All Methodological Decisions That Require Judgment or Discretion

The Committee discussed the following items:

A. Metaverse Themes

The index methodology requires that the Committee determine the core thematic categories of crypto assets (“Metaverse Themes”) that are critical to the long-term growth of an open Metaverse each quarter. The Committee determined that the Metaverse Themes used by the index will remain:

• Asset Ledgers and Interoperability Solutions

• Decentralized Finance and Marketplaces

• Infrastructure and Tools

• Virtual Platforms and Communities

B. Determination of Eligible Crypto Assets

The index methodology assigns the Index Committee the sole responsibility for determining which crypto assets are included within each Metaverse theme. The Committee reviewed the index universe and made these determinations.

C. Metaverse Theme Weightings

The index methodology requires that the Committee determine the weight assigned to each Metaverse Theme. No theme may represent more than 50% of the index.

The Committee determined that the Thematic weighting would be:

• Asset Ledgers and Interoperability Solutions: 35%

• Decentralized Finance and Marketplaces: 20%

• Infrastructure and Tools: 35%

• Virtual Platforms and Communities: 10%

D.  High-Growth-Potential Allocations and Weightings

The index methodology allows the Committee to allocate up to 10% of the weight within each Metaverse Theme on a discretionary basis to projects with high growth potential.

The Committee determined that it would make the following allocations:

• Asset Ledgers and Interoperability Solutions

  • ETH: +5% allocation

  • SOL: +5% allocation

• Decentralized Finance and Marketplaces

  • None

• Infrastructure and Tools

  • RNDR: +10%

• Virtual Platforms and Communities

  • None

E. Review the List of Eligible Crypto Asset Trading Venues

The Committee reviews the list of Eligible Crypto Asset Trading Venues. The Committee determined that the following venues would qualify:

• Binance

• bitFlyer

• Bitstamp

• Bittrex

• Coinbase

• Gemini

• itBit

• Kraken

• LMAX Digital

5) Developments Impacting the Market and/or Individual Ball Multicoin Bitwise Metaverse Index Constituents

Discussion: The Committee discussed multiple developments that have impacted the crypto market and individual Ball Multicoin Bitwise Metaverse Index constituents, including recent regulatory enforcement actions in the crypto market.

6) Adjournment

The Chair adjourned the meeting.

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