Bitwise Crypto Index Committee Meeting (February 2023)

San Francisco • March 1, 2023

Meeting Details

Date: February 22, 2023

Time: 11:00 a.m.-12:00 p.m. PT

Reason for Meeting: Standard monthly meeting

In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member), Katherine Dowling (Observer), Gayatri Choudhury (Observer), Mallika Kolar (Observer), Ryan Rasmussen (Observer), and Satyajeet Pal (Observer)

Meeting Notes

1: Welcome and Attendance

All members of the Committee were present at the meeting.

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

The Bitwise Engineering team confirmed that all data sources were working as expected with regard to uptime, accuracy, and robustness.

3: Review and Approve Any Proposed Changes to the Bitwise Crypto Index Methodology

There were no proposed changes to the Bitwise Crypto Index Methodology that required judgment, nor were there any upcoming proposed changes to note.

4: Review and Approve All Methodological Decisions That Require Judgment

There were no recent methodological implementation decisions that required judgment, nor were there any upcoming decisions to note.

5: Developments Impacting the Market and/or Individual Bitwise Crypto Index Constituents

The Committee discussed a large number of developments impacting the market and/or individual Bitwise Crypto Index constituents, including the SEC’s charges against Kraken related to the exchange’s staking business; the NYDFS's direction to Paxos Trust Co. to stop issuing BUSD stablecoins; and the SEC’s proposed enhanced safeguarding rule for registered investment advisers, among other topics.

6: Review Expected Changes to Bitwise Indexes

The Committee reviewed the expected changes to the Bitwise Crypto Indexes, and determined that the reconstitution process is running appropriately.

7: 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 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,, 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

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