Bitwise Bitcoin ETF (BITB)

In seeking to achieve its investment objective, the will trust will hold bitcoin and accrue the sponsor’s management fee (the “Sponsor Fee”) in U.S. dollars. The trust will value its bitcoin holdings, net assets and the shares daily based on the BRRNY. It is passively managed and does not pursue active management investment strategies, and the Sponsor does not actively manage the bitcoin held by the trust.