BITW Bitwise 10 Crypto Index ETF

13F holders, quarter ending 2026-06-30 13F data can be up to 45 days old

123 institutions reported BITW: 18 new since 2026-03-31, 34 sold out.

Largest that sold out: FARALLON CAPITAL MANAGEMENT LLC ($26.9M), Avior Wealth Management, LLC ($2.7M), Oasis Advisors, LLC ($1.8M), Kingsview Wealth Management, LLC ($551K), Basecamp Wealth Advisors LLC ($531K), Orion Porfolio Solutions, LLC ($491K), COMPASS CAPITAL CORP /MA/ /ADV ($357K), Shore Point Advisors, LLC ($314K).

Prospectus

424B3 filed 2026-06-01 against 424B3 filed 2025-12-09: 76.7% of the text changed, 24 new paragraphs, 470 removed. Paragraphs about fees, staking, custody, the index and creations come first. new ↗ · old ↗

Most edited paragraph

New

+ The purpose of this Supplement is to disclose the addition of a new Custodian for the Trust’s Portfolio Crypto Assets.

+ The following supersedes and replaces the “Prospectus Summary - The Trust’s Service Providers - The Custodian” on page 7 of the Prospectus:

+ The following supersedes and replaces the “Prospectus Summary - Custody of the Trust’s Assets” on page 9 of the Prospectus:

+ HSMs with Built-in Logic: Anchorage Custody provides safekeeping of Portfolio Crypto Assets using hardware security modules (“HSMs”) with embedded built-in custom business logic designed to provide security of the digital assets held by Anchorage Custody. Built-in logic refers to the custom policy rules embedded directly inside Anchorage Custody’s HSMs, allowing the hardware itself to validate and approve or reject transactions. Instead of blindly signing data, the HSM checks consensus requirements, whitelists, and other policies before any transactions are approved. This ensures that even if external systems are compromised, unauthorized transactions involving the Trust’s Crypto Assets cannot be approved.

+ Any insurance coverage obtained by or for Anchorage Custody is solely for the benefit of Anchorage Custody and does not guarantee or insure the Trust in any way.

+ Furthermore, under the Anchorage Custodian Agreement, except for Anchorage Custody’s gross negligence, willful misconduct or fraud, Anchorage Custody shall not be liable for any losses, whether in contract, tort or otherwise, incurred by the Trust, for any amount in excess of fees paid by the Trust in the twelve (12) months prior to when the liability arises. Further, in no event will Anchorage Custody be liable (i) for acts or omissions under a mere negligence standard, (ii) losses which arise from Anchorage Custody’s compliance with applicable laws, including sanctions laws administered by OFAC; or (iii) special, indirect or consequential damages, or lost profits or loss of business arising in connection with the Anchorage Custodian Agreement. This limitation of liability shall not limit any losses or claims arising from Anchorage Custody’s gross negligence, willful misconduct or fraud. Anchorage Custody shall not be liable to the Trust for delays, suspension of operations, whether temporary or permanent, failure in performance of the Anchorage Custodian Agreement, or interruption of service in each case to the extent it is directly due to a cause or condition entirely beyond the reasonable control of Anchorage Custody.

+ The following supersedes and replaces the risk factor “Risks Factors - Other Risks - The Custodian could become insolvent.” on page 28 of the Prospectus:

+ The following supersedes and replaces the section entitled “Custody of the Trust’s Assets” on page 38 of the Prospectus:

Removed

− The Bitwise 10 Crypto Index ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (“Shares”) that are listed on the NYSE Arca, Inc. (the “Exchange”) under the ticker symbol “BITW.” The Trust’s principal investment objective is to invest in a portfolio (“Portfolio”) of Crypto Assets (each, a “Portfolio Crypto Asset” and collectively, “Portfolio Crypto Assets”) that tracks the Bitwise 10 Large Cap Crypto Index (the “Index”) as closely as possible with certain exceptions determined by the Sponsor in its sole discretion. The Trust is sponsored and managed by Bitwise Investment Advisers, LLC (the “Sponsor”). As used herein, “Crypto Assets” means a cryptographic asset designed to work as a store of value and/or medium of exchange wherein individual Crypto Asset ownership records are stored in a ledger, a computerized database using cryptography to secure transaction records, to control the creation of additional Crypto Assets and to verify the transfer of Crypto Asset ownership.

− Page Prospectus Summary 1 Risk Factors 13 THE TRUST’s Investment Program 29 ADDITIONAL INFORMATION ABOUT THE TRUST 32 Custody of the Trust’s Assets 38 THE PRIME EXECUTION AGENT AND the TRADE CREDIT LENDER 40 Form of Shares 45 Transfer of Shares 45 Plan of Distribution 46 Creation and Redemption of Shares 47 Use of Proceeds 51 OWNERSHIP OR BENEFICIAL INTEREST IN THE TRUST 51 Conflicts of Interest 52 Liability and Indemnification 53 Provisions of Law 55 Books and Records 55 STATEMENTS, FILINGS, AND REPORTS TO SHAREHOLDERS 56 Fiscal Year 56 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 56 Legal Matters 56 Experts 56 Material Contracts 57 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 62 Purchases By Employee Benefit Plans 72 Information You Should Know 74 Intellectual Property 74 Where You Can Find More Information; INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 75 Privacy Policy 76

− technology developments regarding the use of digital assets, including the systems used by the Sponsor and the Trust’s custodian in their provision of services to the Trust;

− The Bitwise 10 Crypto Index ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (“Shares”) that are listed on the NYSE Arca, Inc. (the “Exchange”) under the ticker symbol “BITW.” The Trust’s principal investment objective is to invest in a portfolio (“Portfolio”) of Crypto Assets (each, a “Portfolio Crypto Asset” and collectively, “Portfolio Crypto Assets”) that tracks the Bitwise 10 Large Cap Crypto Index (the “Index”) as closely as possible with certain exceptions determined by the Sponsor in its sole discretion. As used herein, “Crypto Assets” means a cryptographic asset designed to work as a store of value and/or medium of exchange wherein individual Crypto Asset ownership records are stored in a ledger, a computerized database using cryptography to secure transaction records, to control the creation of additional Crypto Assets and to verify the transfer of Crypto Asset ownership. The Trust is sponsored and managed by Bitwise Investment Advisers, LLC (the “Sponsor”).

− The Trust’s principal investment objective is to invest in a Portfolio of Portfolio Crypto Assets that tracks the Index as closely as possible with certain exceptions determined by the Sponsor in its sole discretion. In seeking to achieve its investment objective, the Trust holds Portfolio Crypto Assets and accrues the Sponsor’s management fee (the “Management Fee”) in U.S. dollars. The Trust rebalances monthly alongside the rebalance of the Index to stay current with changes. The Sponsor strives to minimize tracking error ( e.g., divergence between the performance of the Trust and the Index) by managing costs and price slippage during trade execution, and holding the assets in the Index.

− When the Trust creates or redeems its Shares, it does so in blocks of 10,000 Shares (each, a “Basket”) based on the quantity of Portfolio Crypto Assets attributable to each Share of the Trust (net of accrued but unpaid expenses and liabilities) multiplied by the number of Shares comprising a Basket (10,000) (the “Basket Amount”). For an order to create (purchase) a Basket, the purchase shall be in the amount of U.S. dollars needed to purchase the Basket Amount (plus a per order transaction fee), as calculated by the Administrator (as defined below). For an order to redeem a Basket, the Sponsor shall arrange for the Basket Amount to be sold and the cash proceeds (minus a per order transaction fee) distributed. The Trust only creates and redeems Baskets in transactions with financial firms that are authorized to purchase or redeem Shares with the Trust (each, an “Authorized Participant”). Shares initially comprising the same Basket but offered by the Authorized Participants to the public at different times may have different offering prices, which depend on various factors, including the supply and demand for Shares, the value of the Trust’s assets, and market conditions at the time of a transaction. While the Trust currently only transacts in Baskets in exchange for cash, the Sponsor expects to pursue appropriate regulatory approvals in the future to permit the Trust to enter into creation and redemption transactions with Authorized Participants using an “in kind” process whereby the Trust would process such transactions in exchange for Portfolio Crypto Assets.

− Notwithstanding anything to the contrary in the Annual Report, the Trust may, from time to time, passively receive, by virtue of holding Portfolio Crypto Assets, certain additional digital assets (“IR Assets”) or rights to receive IR Assets (“Incidental Rights”) through a fork of a digital-asset network or an airdrop of assets. The Trust will not seek to acquire such IR Assets or Incidental Rights. Pursuant to the terms of the Trust Agreement, the Trust will disclaim ownership in any such IR Assets and/or Incidental Rights to make clear that such assets are not and shall never be considered assets of the Trust and will not be taken into account for purposes of determining the Trust’s NAV or NAV per Share. Neither the Trust, nor the Sponsor, nor the Custodian, nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s Portfolio Crypto Assets becomes subject to any proof-of-stake validation or is used to earn additional assets or generate income or other earnings.

− Because the Trust conducts creations and redemptions of Shares for cash, it is responsible for purchasing and selling Portfolio Crypto Assets in connection with those creation and redemption orders. The Trust may also be required to sell Portfolio Crypto Assets to pay certain extraordinary, non-recurring expenses that are not assumed by the Sponsor. Such purchase and sale transactions may be conducted pursuant to two models: (i) the “Trust-Directed Trade Model”; or the (ii) “Agent Execution Model.” The Trust intends to utilize the Trust-Directed Trade Model for all purchases and sales of Portfolio Crypto Assets and will only utilize the Agent Execution Model in the event that no Trading Counterparty is willing or able to effectuate the Trust’s purchase or sale of Portfolio Crypto Assets.