Bitwise 10 Crypto Index ETF BITW
The Bitwise 10 Crypto Index ETF (the "Trust") is a Delaware Statutory Trust that issues common units of fractional undivided beneficial interest ("Shares"), which represent ownership in the Trust. The Trust's current standing in Delaware is active. The Trust was formed by the filing of a Certificate of Trust with the Delaware Secretary of State in accordance with the provisions of the Delaware Statutory Trust Act (the "DSTA") and the adoption of a Trust Agreement (the "Trust Agreement"). On December 3, 2025, pursuant to a pending conversion of the Trust to an exchange-traded fund, the CSC Delaware Trust Company (the "Trustee"), as trustee of the Trust, caused a Certificate of Amendment to the Trust's Certificate of Trust to be filed with the Secretary of State of the State of Delaware in order to change the name of the Trust from "Bitwise 10 Crypto Index Fund" to "Bitwise 10 Crypto Index ETF". In addition, on December 3, 2025, Bitwise Investment Advisers, LLC (the "Sponsor") and the Trustee, entered into a First Amended and Restated Trust Agreement of the Trust (the "A&R Trust Agreement"), which amended and restated the Trust Agreement. The Trust operates pursuant to the A&R Trust Agreement.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Total operating expenses | $33.5M | $25.8M | $12.9M | $13.4M | $23.1M | $1.9M | $555.1K |
| Pre-tax income | -$165.9M | $664.6M | $392.9M | -$666.4M | $416.8M | $154.4M | — |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$165.9M | $664.6M | $392.9M | -$666.4M | $416.8M | $154.4M | $5.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.0K | $77.0K | $913 | $656.7K | $18.5M | $743.5K | — |
| Total assets | $1.05B | $1.37B | $702.6M | $308.8M | $976.7M | $374.8M | — |
| Total liabilities | $18.9M | $2.9M | $1.5M | $654.6K | $2.1M | $1.5M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $152.9M | $76.0K | -$656.0K | — | — | — | — |
| Financing cash flow | -$152.9M | — | — | — | — | — | — |
| Buybacks | $154.3M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-102008.
Others in SIC 6221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GLD | SPDR GOLD TRUST | $143.35B | — | — |
| IAU | ISHARES GOLD TRUST | $65.76B | — | — |
| IBIT | iShares Bitcoin Trust ETF | $58.86B | — | — |
| SLV | iShares Silver Trust | $32.20B | — | — |
| GLDM | World Gold Trust | $30.19B | — | — |
| AGQ | ProShares Trust II | $10.74B | — | — |
| GBTC | Grayscale Bitcoin Trust ETF | $10.63B | — | — |
| SGOL | abrdn Gold ETF Trust | $7.41B | — | — |