Bitwise 10 Crypto Index Fund BITW Strategy

The investment seeks to invest in a Portfolio of Portfolio Crypto Assets that tracks the index as closely as possible with certain exceptions determined by the Sponsor in its sole discretion. In seeking to achieve its investment objective, the Trust holds Portfolio Crypto Assets and accrues the Sponsor’s management fee in U.S. dollars. The Trust rebalances monthly alongside the rebalance of the index to stay current with changes. The Sponsor strives to minimize tracking error by managing costs and price slippage during trade execution and holding the assets in the index.