No recent news coverage with business impact was available for Bitwise 10 Crypto Index ETF.

The Trust offers investors a professionally managed, diversified exposure to the top 10 large-cap crypto assets through an ETF structure, simplifying access to the crypto market without requiring direct management of individual tokens. Its listing on NYSE Arca enhances liquidity and market accessibility. The Sponsor's management and operational infrastructure, including custody and execution arrangements, provide a framework for secure asset management. The Trust's fee structure and operational agreements support ongoing management and administration.

The Trust faces significant risks including cybersecurity threats that could lead to loss or theft of crypto assets, insolvency or bankruptcy of custodians or execution agents that may result in loss or delayed recovery of assets, and market volatility impacting the value of the underlying crypto assets. Liability limitations of service providers and limited insurance coverage expose the Trust and shareholders to potential losses. The Sponsor's limited staffing and potential discontinuance could adversely affect management and stability. Legal and regulatory uncertainties in digital asset custody and bankruptcy proceedings add to operational risks.

The Trust's moat is based on its professionally managed, cost-effective exposure to a diversified portfolio of large-cap crypto assets through an exchange-traded fund structure. Its conversion to an ETF and listing on a major exchange provides liquidity and regulatory oversight. The use of established custodians and execution agents with security protocols and legal agreements provides operational safeguards. However, the Trust operates in a novel and evolving digital asset market with inherent risks and limited insurance coverage, which may limit the durability of its competitive advantages.

• Cybersecurity and Theft Risks: The Trust's crypto assets are vulnerable to security breaches, hacking, malware, and theft. Despite multiple security measures, there is no guarantee against loss due to cyberattacks or software vulnerabilities.
• Custodian and Execution Agent Insolvency: The Trust's assets are held in omnibus accounts with custodians and a prime execution agent. In the event of their insolvency or bankruptcy, the Trust's assets may be treated as part of the bankruptcy estate, potentially resulting in loss or delayed recovery.
• Limited Liability and Insurance Coverage: Custodians and execution agents have limited liability except in cases of gross negligence or willful misconduct. Insurance coverage for crypto asset losses is limited and may be insufficient to cover all potential losses.
• Market Volatility and Valuation Risks: The Trust's net asset value and share price are subject to significant volatility due to fluctuations in the value of underlying crypto assets, which can lead to substantial unrealized and realized losses.
• Sponsor and Management Risks: The Trust relies heavily on the Sponsor and key personnel. Loss of key individuals or discontinuance of the Sponsor's activities could adversely impact the Trust's management, stability, and operations.

• Bitwise 10 Crypto Index ETF is a Delaware statutory trust that issues shares representing fractional undivided beneficial interests in a portfolio of crypto assets.
• The Trust's principal investment objective is to track the Bitwise 10 Large Cap Crypto Index as closely as possible with certain exceptions.
• The Trust completed its conversion to an exchange-traded fund (ETF) and its shares began trading on NYSE Arca under the ticker BITW on or about December 9, 2025.
• The Trust holds a portfolio of crypto assets (Portfolio Crypto Assets) and is managed by Bitwise Investment Advisers, LLC as the Sponsor.
• The Sponsor charges a management fee of 2.5% per annum of the net asset value of the Trust's assets, payable monthly in arrears.
• The Trust generally holds a very small cash balance and is otherwise fully invested in Portfolio Crypto Assets to maintain its investment objective.
• The Trust's financials as of June 30, 2026, show cash and equivalents of $93,000 and a net loss of $99,255,000 for the quarter ending June 30, 2026, as per the 10-Q filing.
• The Trust's shares were previously quoted on OTCQX but were withdrawn following the conversion to an ETF and listing on NYSE Arca.
• The Trust's Portfolio Crypto Assets are held with custodians including Coinbase Custody and Anchorage Custody, and a Prime Execution Agent, with agreements that include liability limitations and indemnification provisions.
• The Trust's assets held in omnibus accounts with the Prime Execution Agent and custodians may be at risk in the event of insolvency or bankruptcy of these service providers, potentially resulting in the Trust being treated as a general unsecured creditor.
• The Trust's Sponsor and service providers have implemented multiple security measures including offline storage, hardware security modules, and encrypted private key shards to safeguard crypto assets, but these cannot guarantee prevention of loss due to security breaches or other vulnerabilities.
• The Trust is not insured by FDIC or SIPC, and the custodians are not depository institutions; insurance coverage for crypto asset losses is limited and may be insufficient.
• The Sponsor is responsible for most ordinary administrative and overhead expenses, including custody charges and fees for the Trustee, Administrator, and Auditor.
• The Trust's shares can only be created or redeemed by Authorized Participants following the conversion to an ETF.
• The Trust's operations and value of shares are subject to risks including cybersecurity threats, potential loss or theft of crypto assets, insolvency of custodians or execution agents, and market volatility of crypto assets.
• The Trust's Sponsor and key personnel are critical to its management and operations; loss of key individuals or discontinuance of the Sponsor's activities could adversely impact the Trust.
• The Trust's financial statements show significant net realized and unrealized losses in recent periods, reflecting volatility in the value of the underlying crypto assets.
• The Trust's agreements with custodians and execution agents include provisions limiting their liability except in cases of gross negligence, fraud, or willful misconduct.
• The Trust's assets are treated as financial assets under Article 8 of the Uniform Commercial Code, but legal treatment in insolvency scenarios remains uncertain due to the novelty of digital asset custodial arrangements.