Bitwise Ethereum ETF Files 2024 Annual Report
Ticker: ETHW · Form: 10-K · Filed: Mar 17, 2025 · CIK: 2013744
Sentiment: neutral
Topics: etf, cryptocurrency, annual-report, ethereum
Related Tickers: ETH-USD
TL;DR
ETHW 10-K filed. All systems go for Bitwise's Ethereum ETF.
AI Summary
The Bitwise Ethereum ETF filed its 10-K for the fiscal year ending December 31, 2024. The filing details its operations and financial status, with key entities including Bitwise Asset Management Inc. and Coinbase Custody Trust Company, LLC. The ETF's assets are valued using inputs from sources like Lukka Prime Rate and CME CF Ether.
Why It Matters
This filing provides investors and the public with a comprehensive overview of the Bitwise Ethereum ETF's performance and operational structure for the past fiscal year.
Risk Assessment
Risk Level: low — The filing is a standard annual report for an established ETF and does not indicate any immediate or unusual risks.
Key Numbers
- 20241231 — Fiscal Year End (The period covered by the 10-K filing.)
- 20250317 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Bitwise Ethereum ETF (company) — Filer of the 10-K report
- Bitwise Asset Management Inc. (company) — Related entity involved in ETF operations
- Coinbase Custody Trust Company, LLC (company) — Custodian for ETF assets
- Lukka Prime Rate (dollar_amount) — Input for fair value measurement
- CME CF Ether (dollar_amount) — Input for fair value measurement
FAQ
What is the primary business of the Bitwise Ethereum ETF?
The Bitwise Ethereum ETF is a financial instrument designed to track the performance of Ether, as detailed in its 10-K filing.
Who is responsible for the management of the Bitwise Ethereum ETF?
Bitwise Asset Management Inc. and Bitwise Investment Manager LLC are identified as related entities involved in the management and operations of the ETF.
What is the role of Coinbase Custody Trust Company, LLC in relation to the ETF?
Coinbase Custody Trust Company, LLC serves as a custodian for the assets held by the Bitwise Ethereum ETF, as indicated by its involvement during the 2024 fiscal year.
How are the ETF's assets valued?
The ETF's assets are valued using various inputs, including the Lukka Prime Rate and CME CF Ether, and categorized under Level 1, Level 2, and Level 3 fair value inputs as of December 31, 2024.
When was the Bitwise Ethereum ETF incorporated?
The Bitwise Ethereum ETF was incorporated in Delaware (DE), as stated in the company data section of the 10-K filing.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 17, 2025 regarding Bitwise Ethereum ETF (ETHW).