Bitwise Investment Manager, LLC

Bitwise Investment Manager, LLC is a specialist crypto asset manager established in 2022, providing discretionary advisory services to private investment funds and registered funds focused on the emerging crypto asset class. The firm offers investment advisory services to private pooled investment funds and registered funds, including exchange-traded funds and mutual funds. Bitwise's investment strategies primarily involve fundamental analysis methods, aiming to provide capital appreciation, income, or a combination of both. The firm manages approximately $67.75 million in regulatory assets under management as of December 31, 2024. Bitwise charges management fees based on a percentage of a fund's net assets, with additional incentive allocations based on fund performance. The firm does not participate in wrap fee programs and does not receive compensation for securities transactions beyond investment advisory fees. Bitwise acts as a fiduciary for its clients, providing investment discretion and voting proxies for registered funds. The firm has adopted a Code of Ethics and implements policies to address conflicts of interest, personal trading, and trade errors. Bitwise has custody over the assets of certain funds and engages in trade aggregation to ensure fair and equitable trading practices. The firm does not participate in soft dollar arrangements or directed brokerage. Additionally, Bitwise has no financial conditions impairing its ability to meet contractual commitments and has not been subject to bankruptcy petitions in the past ten years.