| Investment Objective: |
The Fund seeks investment results that, before fees and expenses, correspond generally to the performance of the Bitwise Bitcoin Standard Corporations Index (the "Index"). The Index seeks to provide exposure to the performance of corporations that have adopted the "bitcoin standard" ("Bitcoin Standard Corporations"). Such corporations are those that hold bitcoin as a corporate treasury asset. In order to be eligible for inclusion in the Index, a company must hold at least 1,000 bitcoin in its corporate treasury. The Index selects for inclusion each eligible security that complies with the size, liquidity and free float requirements. Each security selected for inclusion is then assigned weight based upon the market value of its bitcoin holdings, subject to certain diversification requirements. The largest constituent in the Index at each quarterly rebalancing will have its weight capped at 20% of the Index. The Fund's holdings will be equity securities in the form of common stock, depositary receipts (both American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs"). The Fund will not invest directly in bitcoin, derivatives that reference bitcoin. |
