Bitwise Funds Trust

San Francisco, CA · CIK 1928561 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$721.8m
Staff26 · 6 in investment roles
Main clients (by assets)Mutual funds and ETFs 97%, Private funds 3%
Private funds1 (1 hedge) · $31.6m gross assets
Websitebtopetf.com
Form ADV · 2026-06-30SEC adviser record

Legal entityBITWISE INVESTMENT MANAGER, LLC (US)

Kindhedge funds, mutual funds, futures
Others nearbySan Francisco, CA, New York, NY

As an employer

Offices in1 country
Private fundshedge 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
San Francisco, CA (main office)United States	United States	about 2
New York, NYUnited States	United States	4

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$425.8m reported value

41positions

61.1%in top 10

—no comparable previous quarter

Options: 5 call positions ($26.7m notional), 0 put positions (— notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Exchange Traded Concepts, LLCC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change
1	COINBASE GLOBAL INC COM CL A COIN	COIN	281,497	$41.2m9.67%	9.67%	First filing
2	IREN LIMITED ORDINARY SHARES IREN	IREN	784,753	$35.9m8.43%	8.43%	First filing
3	MICROSTRATEGY INC CL A NEW MSTR	MSTR	381,626	$33.2m7.79%	7.79%	First filing
4	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	247,238	$22.7m5.32%	5.32%	First filing
5	MARA HOLDINGS INC COM MARA	MARA	1,625,386	$22.6m5.30%	5.30%	First filing
6	RIOT PLATFORMS INC COM RIOT	RIOT	808,632	$22.1m5.20%	5.20%	First filing
7	CIPHER MINING INC COM CIFR	CIFR	866,055	$21.2m4.98%	4.98%	First filing
8	GALAXY DIGITAL INC. CL A GLXY	GLXY	772,873	$21.1m4.96%	4.96%	First filing
9	HUT 8 CORP COM HUT	HUT	177,352	$20.5m4.81%	4.81%	First filing
10	TERAWULF INC COM WULF	WULF	799,713	$19.8m4.64%	4.64%	First filing
11	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	586,231	$18.0m4.23%	4.23%	First filing
12	BITMINE IMMERSION TECNOLOGIE COM NEW BMNR	BMNR	1,207,113	$16.1m3.77%	3.77%	First filing
13	CLEANSPARK INC COM NEW CLSK	CLSK	1,059,848	$15.4m3.62%	3.62%	First filing
14	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	239,077	$15.0m3.52%	3.52%	First filing
15	KEEL INFRASTRUCTURE CORP COM SHS KEEL	KEEL	2,455,977	$14.1m3.30%	3.30%	First filing
16	BITDEER TECHNOLOGIES GROUP CL A ORD SHS BTDR	BTDR	566,524	$9.0m2.11%	2.11%	First filing
17	ETORO GROUP LTD SHS CL A ETOR	ETOR	212,864	$8.4m1.97%	1.97%	First filing
18	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	77,577	$7.8m1.83%	1.83%	First filing
19	VISA INC COM CL A V	V	19,774	$6.8m1.59%	1.59%	First filing
20	MERCADOLIBRE INC COM MELI	MELI	3,981	$6.8m1.59%	1.59%	First filing
21	MASTERCARD INCORPORATED CL A MA	MA	13,029	$6.7m1.57%	1.57%	First filing
22	BANK NEW YORK MELLON CORP COM BNY	BNY	44,931	$6.5m1.53%	1.53%	First filing
23	BLACKROCK INC COM BLK	BLK	6,427	$6.2m1.45%	1.45%	First filing
24	CME GROUP INC COM CME	CME	24,855	$5.5m1.29%	1.29%	First filing
25	ISHARES INC MSCI GBL GOLD MN RING	RING	79,426	$5.1m1.21%	1.21%	First filing
26	BULLISH ORD SHS BLSH	BLSH	185,971	$4.4m1.02%	1.02%	First filing
27	AMPLIFY ETF TR AMPLIFY JUNIOR S SILJ	SILJ	147,223	$3.8m0.90%	0.90%	First filing
28	GLOBAL X FDS GLOBAL X SILVER SIL	SIL	48,903	$3.8m0.89%	0.89%	First filing
29	HIVE DIGITAL TECHNOLOGIES LT COM NEW HIVE	HIVE	475,494	$1.7m0.41%	0.41%	First filing
30	TWENTY ONE CAP INC COM SHS CL A XXI	XXI	196,110	$970.7k0.23%	0.23%	First filing
31	EMPERY DIGITAL INC COM NEW EMPD	EMPD	194,083	$690.9k0.16%	0.16%	First filing
32	AMERICAN BITCOIN CORP. COM CL A COM CL A		806,460	$549.3k0.13%	0.13%	First filing
33	STRIVE INC CL A COM ASST	ASST	41,669	$454.6k0.11%	0.11%	First filing
34	ISHARES SILVER TR ISHARES SLV	SLV	5,229	$279.6k0.07%	0.07%	First filing
35	BLOCK INC CL A XYZ	XYZ	3,617	$274.9k0.06%	0.06%	First filing
36	BITGO HOLDINGS INC COM SHS CL A BTGO	BTGO	52,312	$271.0k0.06%	0.06%	First filing
37	TESLA INC COM TSLA	TSLA	635	$267.1k0.06%	0.06%	First filing
38	GEMINI SPACE STA INC CL A COM GEMI	GEMI	58,874	$250.8k0.06%	0.06%	First filing
39	GAMESTOP CORP NEW CL A GME	GME	11,304	$249.6k0.06%	0.06%	First filing
40	TRUMP MEDIA & TECHNOLOGY GRO COM DJT	DJT	29,795	$230.6k0.05%	0.05%	First filing
41	CANAAN INC SPONSORED ADS CAN	CAN	688,064	$197.5k0.05%	0.05%	First filing

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
COINBASE GLOBAL INC COIN · Call	COIN	Call	113,200	$16.5m113.2k shares	First filing
MICROSTRATEGY INC MSTR · Call	MSTR	Call	74,700	$6.5m74.7k shares	First filing
MARA HOLDINGS INC MARA · Call	MARA	Call	161,000	$2.2m161.0k shares	First filing
GAMESTOP CORP NEW GME · Call	GME	Call	50,500	$1.1m50.5k shares	First filing
CIRCLE INTERNET GROUP INC CRCL · Call	CRCL	Call	4,500	$281.8k4.5k shares	First filing