Overview
The Bitwise 10 Crypto Index Fund (non-OTC Trust) provides accredited investors with diversified exposure to top cryptocurrencies through a single investment vehicle. This professionally managed fund tracks the Bitwise 10 Large Cap Crypto Index, offering convenience and institutional-grade custody solutions.
Performance Analysis
Current Returns (as of July 1, 2025)
- Estimated NAV: $13.51
- 1 Month: -1.3%
- 3 Months: +20.9%
- YTD: +1.3%
- 12 Months: +39.3%
- Since Inception (09/09/2021): +35.1%
Performance shown net of expenses for Investor Shares (2.5% expense ratio). Institutional Shares carry a 2.0% expense ratio.
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Portfolio Composition
Top Holdings (07/01/2025)
| Cryptocurrency | Weight | Price | 24hr Change |
|---|---|---|---|
| Bitcoin | 79.1% | $105,412.88 | -2.2% |
| Ethereum | 10.9% | $2,403.34 | -4.5% |
| XRP | 4.8% | $2.16 | -7.0% |
| Solana | 2.9% | $145.47 | -7.8% |
Monthly rebalancing ensures optimal market cap weighting
Investment Framework
Index Methodology
- Rebalance Frequency: Monthly (last business day)
Selection Criteria:
- Market capitalization
- Trading volume
- Custody support
- Security assessment
- Regulatory compliance
Key Investment Terms
- Minimum Investment: $50,000
- Subscription Days: Weekly (Tuesday/Thursday)
- Redemption Policy: Weekly (Wednesday) with 2-day notice
- Early Withdrawal Fee: 3% (first 12 months)
Fee Structure
- Base Expense Ratio: 2.50%
- Fee Break: 0.50% reduction for investments >$1M
Included Costs:
- Management fees
- Custody charges
- Administrative expenses
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Operational Details
- Custodian: Coinbase Custody Trust Company
- Administrator: Theorem Fund Services
- Legal Counsel: Wilson Sonsini Goodrich & Rosati
- Tax Treatment: Pass-through partnership (K-1 filings)
Frequently Asked Questions
What is the advantage of investing through this fund?
The fund provides instant diversification across top cryptocurrencies while handling custody, security, and rebalancing - eliminating the need to manage multiple wallets and exchanges.
How does this compare to direct Bitcoin investment?
While Bitcoin has shown higher returns historically (+126% since fund inception), the fund offers reduced volatility through diversification. The fund's 35.1% return reflects a balanced approach to crypto markets.
What are the liquidity terms?
Redemptions are processed weekly with a 2-day notice period. An early withdrawal fee of 3% applies during the first year, after which withdrawals are fee-free.
Who can invest in this fund?
Currently available only to accredited investors as defined by U.S. securities regulations. This typically includes individuals with $1M+ net worth (excluding primary residence) or $200K+ annual income ($300K joint).
How are taxes handled?
The fund issues K-1 forms to investors as it's structured as a pass-through partnership. Investors should consult tax professionals regarding their specific situation.
What security measures are in place?
The fund utilizes institutional-grade custody through Coinbase Custody Trust Company, which provides offline cold storage with robust security protocols and insurance coverage.
Investment Considerations
The Bitwise 10 Crypto Index Fund represents a turnkey solution for accredited investors seeking crypto exposure without operational complexity. While fees are higher than direct cryptocurrency purchases (2.5% vs. exchange trading fees), the fund provides professional management and security infrastructure that individual investors would find challenging to replicate.
Past performance does not guarantee future results. Cryptocurrency investments involve substantial risk and may lose value. Consult your financial advisor before investing.