Bitwise Asset Management

Bitwise Asset Management provides a broad suite of investment solutions, including ETFs, publicly traded trusts, separately managed accounts (SMAs), and private funds. The company offers exposure to over 20 different crypto assets, as well as equities, hedge funds, and NFT collections. With a six-year track record focused solely on crypto, Bitwise offers 19 products across various formats. Their flagship product, the Bitwise 10 Crypto Index Fund, is the world’s first and largest crypto index fund, available under the ticker BITW. This fund tracks an index of the 10 most highly valued cryptocurrencies, rebalanced monthly, and is publicly traded on the OTCQX Best Market. As of May 17, 2024, the fund has an estimated AUM of $1.027 billion and carries a 2.5% annual fee. The Bitwise 10 Crypto Index Fund was launched on November 22, 2017, and its shares are registered with the SEC pursuant to Section 12(g) of the Securities and Exchange Act of 1934. However, the shares are not registered under the Securities Act of 1933 or the Investment Company Act of 1940 and are subject to a holding period under Rule 144 of the Securities Act. The fund’s shares may trade at a substantial premium or discount to the fund’s net assets and its performance may deviate significantly from the Net Asset Value per share. The assets are held securely with institutional-grade custody. The shares are subject to significant limitations on transfer and resale, and additional restrictions apply to affiliates and insiders. The fund’s shares are also subject to various risks associated with investing in crypto assets, NFTs, and related regulatory actions or policies.