Bitwise Crypto Index Committee Meeting (June 2022)
San Francisco • June 27, 2022
Meeting Details
Date: June 24, 2022
Time: 10:00 a.m. - 11:00 a.m. PT
Reason for Meeting: Standard Monthly Meeting
In Attendance: Matt Hougan (Chair), Hunter Horsley (Member), Katherine Dowling (Observer), Satyajeet Pal (Observer), Ryan Rasmussen (Observer), Anais Rachel (Observer), Phillip Ward (Observer), Arber Xhindoli (Observer), Gayatri Choudhury (Observer), Mallika Kolar (Observer), Kristen Corkill (Observer)
Meeting Notes
Item 1: Review and Verify All Data Sources for Uptime, Accuracy, and Robustness
Description: The Committee will discuss if there are any issues with the uptime, accuracy, or robustness of our data sources.
Discussion: The Committee verified the selection of a backup data provider for pricing data.
Item 2: Review and Approve All Methodological Decisions That Require Judgment
Description: The Committee will discuss and review any recent methodological implementation decisions that required judgment, as well as any known upcoming decisions.
Discussion: The Committee discussed the 2022 Annual Custodian Review and advised additional due diligence prior to a decision on adding additional qualified custodians to the Bitwise Crypto Index Methodology.
The Committee also reviewed the recent delisting of Litecoin (LTC) from South Korean exchanges Upbit and Bithumb.
Item 3: Developments Impacting the Market and/or Individual Bitwise Crypto Index Constituents
Description: The Committee will discuss significant new and/or pending developments surrounding either the crypto market in general or any Bitwise Crypto Index constituent specifically, and consider whether they raise any concerns or issues for the index.
Discussion: The Committee discussed the application of its security analysis to new proposed crypto assets, specifically in relation to Rule III.B.i.g of the Bitwise Crypto Index Methodology.
The Committee also reviewed the functioning and structural integrity of Decentralized Finance protocols in light of current market volatility, and determined it would continue to monitor the ecosystem on an ongoing basis.
Item 4: Adjournment
The Chair adjourned the meeting.
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 90 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco, New York, and London.
