Bitwise Crypto Index Committee Meeting (June 2022)

San Francisco • June 27, 2022

Meeting Details

Date: June 24, 2022

Time: 10:00 a.m. - 11:00 a.m. PT

Reason for Meeting: Standard Monthly Meeting

In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), Katherine Dowling (Observer), Satyajeet Pal (Observer), Ryan Rasmussen (Observer), Anais Rachel (Observer), Phillip Ward (Observer), Arber Xhindoli (Observer), Gayatri Choudhury (Observer), Mallika Kolar (Observer), Kristen Corkill (Observer) 

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 verified the selection of a backup data provider for pricing data.

Item 2: Review and Approve All Methodological Decisions That Require Judgment

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 discussed the 2022 Annual Custodian Review and advised additional due diligence prior to a decision on adding additional qualified custodians to the Bitwise Crypto Index Methodology

The Committee also reviewed the recent delisting of Litecoin (LTC) from South Korean exchanges Upbit and Bithumb.

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 for the index. 

Discussion: The Committee discussed the application of its security analysis to new proposed crypto assets, specifically in relation to Rule III.B.i.g of the Bitwise Crypto Index Methodology

The Committee also reviewed the functioning and structural integrity of Decentralized Finance protocols in light of current market volatility, and determined it would continue to monitor the ecosystem on an ongoing basis. 

Item 4: Adjournment

The Chair adjourned the meeting.


About Bitwise

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers. As of year-end 2021, Bitwise managed $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi, and crypto-focused equity indexes. 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.

To request an interview or for further information about Bitwise, we ask that members of the press please contact:

Frank Taylor/Ryan Dicovitsky

Dukas Linden Public Relations

Bitwise@DLPR.com
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