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

BITW / Publicly Traded Index Fund Offering: Bitwise’s flagship crypto index fund, which trades on the OTCQX® Best Market as BITW, provides diversified exposure to bitcoin and leading crypto assets. The Fund seeks to track an index comprising the 10 largest crypto assets, screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly. Shares of BITW that have become “unrestricted” in accordance with Rule 144 of the Securities Act of 1933 may be bought and sold throughout the day by retail investors via any brokerage account using ticker “BITW.” Publicly Traded ETF Offerings: For more information on our publicly traded ETFs and ETPs visit aethetf.com, bitbetf.com, bitcetf.com, bitqetf.com, btopetf.com, bwebetf.com, and ethwetf.com. Private Placement Offerings: Bitwise offers a suite of index-based funds that aim to capture the most exciting opportunities in the crypto market today, including decentralized finance (DeFi), “blue-chip” NFT art and collectibles, and large-cap cryptocurrencies. We also offer a range of single-coin funds that seek to help investors gain exposure to crypto assets through traditional investment vehicles while minimizing administrative costs. Shares of Bitwise private placement offerings are available to accredited investors or qualified purchasers only, and are offered and sold under the exemption to the Securities Act of 1933, as amended, provided by Rule 506(c) of Regulation D. Active Strategies: Bitwise's Active Team offers institutional-grade multi-strategy solutions that provide access to a range of actively managed crypto strategies, with a market-defining focus on risk management. Learn more about Bitwise’s Active Strategies. Separately Managed Accounts (SMAs): With separately managed accounts, an investor directly owns all of the crypto assets in the account (unlike with a fund or other pooled investment vehicle). The crypto assets are held by a qualified custodian and can be easily monitored and reported on by financial advisors. Bitwise Asset Management and Eaglebrook have partnered to offer a suite of crypto solutions through three separately managed account (SMA) strategies: the Bitwise 10 Crypto Index Strategy, the Bitwise Crypto Category Leaders Strategy, and the Bitwise BTC/ETH Equal Weight Strategy.

Yes, BITW is an ETF; it is a publicly traded trust, which functions under the current legal framework to offer crypto fund solutions to all investors. If the SEC indicates openness to ETFs that hold crypto directly, and to the conversion of BITW to an ETF, we will absolutely consider that path.

Premiums and discounts may develop when there is an imbalance between the market’s demand for shares and the amount of shares available for sale. Matt Hougan, our Chief Investment Officer, has written a great informational primer on BITW premiums and discounts.

Our funds charge a “unified” or “unitary” management fee that includes custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor. There is no performance fee. The management fee can range from 0.85% to 3.0%, depending on the fund.

Custody is a critical component of crypto asset management. Bitwise uses third-party custodians and continuously evaluates security developments to stay up-to-date with industry best practices. These custodians include Fidelity Digital Asset Services, Coinbase Custody Trust Company, Anchorage Digital Bank National Association, and Gemini.

Crypto is a fast-moving marketplace. To ensure we stay up to speed with changes in the crypto ecosystem, the Bitwise Crypto Indexes use specific guidelines around reconstitution events. The Bitwise funds that track these indexes are rebalanced the next business day following an index rebalance. You can find out more about how Bitwise rebalances our indexes here: Bitwise Crypto Index Methodology.