Bitwise 10 Crypto Index Fund Files 2023 Annual Report
Ticker: BITW · Form: 10-K · Filed: 2024-03-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, cryptocurrency, index fund, custody
TL;DR
Bitwise 10 Crypto Index Fund 2023 10-K filed. Bitcoin & Litecoin holdings detailed. Coinbase is custodian.
AI Summary
The Bitwise 10 Crypto Index Fund filed its 10-K for the fiscal year ending December 31, 2023. The fund, incorporated in Delaware, is managed by Bitwise Asset Management, with Coinbase Custody Trust Company, LLC acting as the custodian. The filing details investments in various cryptocurrencies, including Bitcoin and Litecoin, and reports financial data as of December 31, 2023.
Why It Matters
This filing provides investors with a comprehensive overview of the Bitwise 10 Crypto Index Fund's financial performance and holdings for 2023, including its cryptocurrency assets and custodian information.
Risk Assessment
Risk Level: medium — The fund's value is directly tied to the volatile cryptocurrency market, posing significant investment risk.
Key Numbers
- 2023-12-31 — Fiscal Year End (The reporting period for the 10-K filing.)
- 2024-03-01 — Filing Date (The date the 10-K was officially filed with the SEC.)
Key Players & Entities
- Bitwise 10 Crypto Index Fund (company) — Filer of the 10-K report
- 2023-12-31 (date) — Fiscal year end date
- Bitwise Asset Management (company) — Manager of the fund
- Coinbase Custody Trust Company, LLC (company) — Custodian for the fund's assets
- Bitcoin (dollar_amount) — A primary cryptocurrency investment
- Litecoin (dollar_amount) — A cryptocurrency investment
FAQ
What is the total value of assets under management as of December 31, 2023?
The provided text does not contain the total value of assets under management for December 31, 2023.
Which specific cryptocurrencies are held by the fund, and in what proportion?
The filing mentions investments in Bitcoin and Litecoin, among others, but specific proportions are not detailed in the provided excerpt.
Who is the primary custodian for the fund's digital assets?
Coinbase Custody Trust Company, LLC is identified as the custodian for the fund's assets.
What were the management fees or operating expenses for the fiscal year 2023?
Information regarding management fees or operating expenses for fiscal year 2023 is not present in the provided text.
Has the fund undergone any name changes in recent years?
Yes, the fund was formerly known as Bitwise 10 Private Index Fund, LLC, Bitwise HOLD10 Private Index Fund, LLC, and Bitwise Hold 10 Private Index Fund, LLC, with name change dates in 2018 and 2017.
From the Filing
0000950170-24-023680.txt : 20240301 0000950170-24-023680.hdr.sgml : 20240301 20240301134212 ACCESSION NUMBER: 0000950170-24-023680 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bitwise 10 Crypto Index Fund CENTRAL INDEX KEY: 0001723788 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56270 FILM NUMBER: 24708726 BUSINESS ADDRESS: STREET 1: 400 MONTGOMERY STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415-707-3663 MAIL ADDRESS: STREET 1: 400 MONTGOMERY STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: Bitwise 10 Private Index Fund, LLC DATE OF NAME CHANGE: 20181003 FORMER COMPANY: FORMER CONFORMED NAME: Bitwise HOLD10 Private Index Fund, LLC DATE OF NAME CHANGE: 20180518 FORMER COMPANY: FORMER CONFORMED NAME: Bitwise Hold 10 Private Index Fund, LLC DATE OF NAME CHANGE: 20171128 10-K 1 bitw-20231231.htm 10-K 10-K false 0001723788 FY Unlimited Unlimited 0001723788 bitw:InvestmentInBitcoinMember 2023-12-31 0001723788 bitw:InvestmentInLitecoinMember 2022-12-31 0001723788 2023-12-31 0001723788 bitw:InvestmentInLitecoinMember 2023-12-31 0001723788 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember bitw:CoinbaseMember bitw:BitcoinMember 2023-12-31 0001723788 bitw:InvestmentInBitcoinMember 2023-01-01 2023-12-31 0001723788 bitw:InvestmentInPolygonMember 2023-12-31 0001723788 bitw:CoinbaseCustodyTrustCompanyLlcTheCustodianMember 2022-12-31 0001723788 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember bitw:CoinbaseMember bitw:PolygonMember 2023-12-31 0001723788 bitw:InvestmentInChainlinkMember 2023-01-01 2023-12-31 0001723788 bitw:InvestmentInUniswapMember 2022-01-01 2022-12-31 0001723788 bitw:InvestmentInEthereumMember 2023-12-31 0001723788 us-gaap:FairValueInputsLevel2Member 2022-12-31 0001723788 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember bitw:CoinbaseMember bitw:SolanaMember 2023-12-31 0001723788 bitw:SponsorMember 2023-01-01 2023-12-31 0001723788 2024-03-01 0001723788 bitw:InvestmentInChainlinkMember 2022-12-31 0001723788 2023-06-30 0001723788 bitw:InvestorClassMember 2022-01-01 2022-12-31 0001723788 2022-12-31 0001723788 bitw:InvestmentInRippleMember 2023-01-01 2023-12-31 0001723788 bitw:InvestmentInSolanaMember 2022-12-31 0001723788 bitw:InvestmentInPolkadotMember 2022-01-01 2022-12-31 0001723788 bitw:InvestmentInAvalancheMember 2023-12-31 0001723788 2022-01-01 2022-12-31 0001723788 bitw:InvestmentInEthereumMember 2023-01-01 2023-12-31 0001723788 2023-04-17 2023-04-17 0001723788 bitw:InvestorClassMember 2021-01-01 2021-12-31 0001723788 bitw:InvestmentInRippleMember 2023-12-31 0001723788 bitw:InvestmentInLitecoinMember 2023-01-01 2023-12-31 0001723788 bitw:CoinbaseCustodyTrustCompanyLlcTheCustodianMember 2023-12-31 0001723788 bitw:InvestmentInChainlinkMember 2023-12-31 0001723788 bitw:InvestmentInCardanoMember 2022-12-31 0001723788 bitw:InvestmentInPolygonMember 2022-01-01 2022-12-31 0001723788 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember bitw:CoinbaseMember bitw:RippleMember 2023-12-31 0001723788 bitw:InvestorClassMember 2020-12-31 0001723788 bitw:InvestmentInSolanaMember 2023-12-31 0001723788 bitw:InvestmentInSolanaMember 2022-01-01 2022-12-31 0001723788 bitw:SponsorMember 2022-12-31 0001723788 bitw:InvestmentInBitcoinMember 2022-12-31 0001723788 srt:MinimumMember 2022-12-31 0001723788 2023-01-01 2023-12-31 0001723788 bitw:InvestmentInAvalancheMember 2022-01-01 2022-12-31 0001723788 bitw:InvestmentInEthereumMember 2022-01-01 2022-12-31 0001723788 bitw:InvestorClassMember bitw:SponsorMember 2023-01-01 2023-12-31 0001723788 bitw:InvestorClassMember 2023-12-31 0001723788 us-gaap:FairValueInputsLevel3