Bitwise safeguards assets with U.S.-regulated, third-party institutional custodians.

Bitwise’s funds custody assets with leading providers, including Coinbase Custody Trust Company, Fidelity Digital Assets, Anchorage Digital Bank, and Gemini Trust Company. These custodians are either New York State-chartered trusts, with oversight provided by the New York State Department of Financial Services, or federally chartered banks regulated by the Office of the Comptroller of the Currency.

Assets are segregated and stored securely with state-of-the-art technology. Bitwise does not permit the lending of any crypto assets in its crypto index funds. As a crypto specialist, Bitwise rigorously monitors and evaluates both current and prospective providers. For traditional assets held in Bitwise funds, custodians include the Bank of New York Mellon and Brown Brothers Harriman & Co.

Bitwise uses institutional trading desks to keep assets safely held during trading and to minimize exposure to exchanges.

Using crypto exchanges to trade introduces risk, as it requires moving assets into exchange accounts to facilitate transactions. Bitwise instead prioritizes using over-the-counter trading desks, where the assets do not need to leave custody until settlement occurs. When trading on exchanges is necessary, Bitwise only works with domestic U.S. platforms and limits the total exposure. Navigating this dynamic is key to professional management of crypto assets.

Bitwise works with auditors, administrators, and tax professionals to add third-party verification and oversight.

Registered accounting firms, including a Big Four auditor, conduct audits of fund financial statements annually, providing assurance that the books and records are free from any misstatements, whether due to fraud or error. Fund administrators perform third-party verification of holdings and create independent financial reports. Fund tax preparers conduct reporting in compliance with applicable laws and regulations.

Bitwise operates under SEC and FINRA oversight for applicable portions of its operation, adding important oversight and transparency.

Bitwise operates an SEC-registered investment adviser for applicable funds and has registered representatives supervised by a FINRA-registered broker-dealer. In accordance with the requirements of the Securities Act of 1933, the Securities Exchange Act of 1934, and/or the Investment Company Act of 1940, certain Bitwise funds file required disclosure documents and meet regular public reporting obligations.

Bitwise’s team of over 90 professionals brings together decades of experience in technology, asset management, and regulatory compliance.

From fast-moving counterparty events, to evaluating crypto asset design, to performing diligence on counterparties, Bitwise has a track record of navigating risks and key decisions successfully across multiple market cycles. Bitwise prioritizes partnership with clients, with a large team of client specialists to help them understand developments in crypto and equip them to be successful with their own clients and trustees.

Let us take care of your crypto assets.

Crypto and public blockchains continue to evolve rapidly, bringing valuable opportunities for professional investors, but also new risks and complexity. Professional solutions and expert partnerships are more important than ever. At Bitwise, that’s our sole focus, as it has been since our founding more than half a decade ago