Bitwise Pronounces Crypto Index Reconstitution Outcomes at Month Finish in August 2021 – Enterprise Wire

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SAN FRANCISCO – (BUSINESS WIRE) – Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management, today announced the results of the monthly re-compilation of Bitwise Crypto-Indices, which took place on August 31, 2021 at 4:00 p.m. ET.

As a result of the reorganization on August 31, 2021, there were no changes to the components of the Bitwise 10 Large Cap Crypto Index. On August 31, 2021 at 4:00 p.m. ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 60.33% Bitcoin (BTC), 27.19% Ethereum (ETH), 6.05% Cardano (ADA), 2.26% Solana (SOL), 0.82% Chainlink (LINK), 0.81% Bitcoin Cash (BCH), 0.78% Litecoin (LTC), 0.60% Uniswap (UNI), 0.59% Polygon (MATIC) and 0.58% Stellar (XLM).

As a result of the reorganization on August 31, 2021, there were no changes to the components of the Bitwise Decentralized Finance Crypto Index. On August 31, 2021 at 4:00 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 33.63% Uniswap (UNI), 19.30% Aave (AAVE), 13.21% Maker (MKR), 9 , 19% Compound (COMP), 5.80% SushiSwap (SUSHI), 5.29% Yearn.Finance (YFI), 3.78% Bancor (BNT), 3.60% Curve (CRV), 3.40% 0x (ZRX) and 2.80% Ren (REN).

The Bitwise Crypto Indexes are rebuilt monthly according to the rules of the Bitwise Crypto Index Methodology as applied by the Bitwise Crypto Index Committee. The minutes of the Bitwise Crypto Index Committee meeting in August 2021 are publicly available here.

The Bitwise Crypto Innovators 30 stock index is reconstituted quarterly and therefore had no changes as of August 31, 2021. As of August 31 at 4 p.m. ET, the following were the 10 largest constituents: 12.66% MicroStrategy (MSTR), 10.00% Coinbase Global Inc. (COIN), 8.81% Silvergate Capital (SI), 6.63 % Marathon Digital Holdings (MARA), 5.17% Hut 8 Mining (HUT TO), 5.09% Riot Blockchain (RIOT), 5.09% Hive Blockchain Tech (HIVE CN.)), 4.80% Bitfarms ( BITF CN), 3.89% Argo Blockchain (ARB LN) and 3.63% Galaxy Digital Holdings (GLXY CN). The index methodology for the Bitwise Crypto Innovators 30 stock index is available here.

About Bitwise Asset Management

Bitwise, based in San Francisco, is one of the largest and fastest growing crypto asset managers. As of August 31, 2021, Bitwise had over $ 1.3 billion under management in a growing suite of investment solutions. The company is known for managing the world’s largest crypto index fund (OTCQX: BITW) and groundbreaking products that include Bitcoin, Ethereum, DeFi and crypto-focused stock indices. Bitwise focuses on working with financial advisors and investment professionals to provide quality education and research. The Bitwise team combines technology expertise with decades of experience in traditional wealth management and indexing from companies such as BlackRock, Blackstone, Facebook and Google, as well as the US Attorney’s Office. Bitwise is backed by leading institutional investors and wealth management executives and has been featured on Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Street Journal.

RISK TASK AND IMPORTANT INFORMATION

Carefully consider the investment objectives, risk factors, fees and expenses of each Bitwise investment product before investing. Investing involves risks, including the potential for loss of capital. There is no guarantee or representation that the methodology used by Bitwise or any of the Bitwise investment products will result in any Bitwise investment product generating positive investment returns or outperforming other investment products. There is no guarantee or representation that an investor’s investment objectives will be achieved by investing in a Bitwise investment product and an investor can lose money. Investors in a Bitwise investment product should be prepared to accept high volatility in the price of such an investment product and the possibility of significant losses. Bitwise’s investment products involve a significant level of risk and are only available to institutional and accredited private investors.

Certain of the Bitwise investment products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Since cryptoassets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory measures or guidelines may restrict the ability to sell, exchange or use a crypto-asset. The price of a crypto-asset can be influenced by the transactions of a small number of holders of such a crypto-asset. Cryptoassets can lose popularity, acceptance, or use, which can affect their price. The technology related to cryptoassets and blockchain is new and evolving. There are currently a limited number of publicly traded or publicly traded companies for whom cryptoassets and blockchain technology are an attributable and significant source of income.

The opinions expressed herein are for insight or clarification and are not intended as individual investment advice. Bitwise does not guarantee that this information is accurate or complete and should not be relied on.

This material represents an estimate of the market environment at any point in time and is not intended as a forecast of future events or as a guarantee of future results. This information should not be used by the reader as research or investment advice relating to the Funds or, in particular, any securities. Past performance is no guarantee of future results.

Diversification may not protect against market risk. Diversification does not ensure profit and also does not protect against losses in a declining market.

Bitwise may attempt to have the shares of its investment products listed on a secondary market. However, there is no guarantee that it will be successful. Although the shares of certain Bitwise investment products are approved for trading on a secondary market, investors in other Bitwise investment products should not assume that the shares will ever receive such approval due to various factors, including questions asked by regulators such as the SEC, FINRA or other regulatory authorities in relation to the investment product. Unitholders in such an investment product should be prepared to accept the risk of investing in the units for an indefinite period of time.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in any jurisdiction in which such offer or solicitation would be unlawful, nor may any sale of securities be made in any jurisdiction in which such offer or solicitation would be unlawful Solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The offer or sale of these investment products has not been registered, approved or rejected with the Securities and Exchange Commission or the securities commission or regulatory authority of any state or foreign jurisdiction.


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