Coinspeaker
Aug 13, 2026
6 0
Bearish

Bitwise files BITW 10-Q and cuts 14% of staff

3 min

Bitwise 10 Crypto Index ETF filed its Form 10-Q for the quarter ended June 30, 2026. The fund trades on NYSE Arca under BITW. Its basket: BTC, ETH, XRP, SOL, HYPE, ADA, SUI, LTC, LINK, XLM. These assets together represent roughly $1.6 trillion of the $2.2 trillion total crypto market cap.

Key disclosures from the 10-Q

Bitwise Investment Advisers, LLC is the sponsor. The fund is a Delaware registrant. Shares outstanding: 14,141,947 as of August 2, 2026.

Risk factors highlight extreme volatility in crypto assets. The filing cites market prices and conditions, regulation, liquidity, custody, and crypto-network operations as material risks to share value.

Index methodology and rebalancing

Bitwise describes its indexes as rules-based and transparent. Design goals: investability and replicability. Selection and weighting consider liquidity, capital controls, trading-venue stability, and custody constraints.

The Bitwise Crypto Index Committee meets monthly about one week before the rebalance date, or earlier if needed. Responsibilities: maintain and adjust methodologies, review data sources, and verify inputs used in index calculation.

What the filing does not establish

The extract confirms the reporting period, fund identity, and August share count. It does not provide sufficient detail on changes in net assets, portfolio weights, creations/redemptions, or drivers of asset changes. It also does not substantiate claims about other Bitwise products, liquidations, staffing, or corporate transactions beyond what is included in the report.

Context for investors

Differentiate the 10-Q’s fund-specific disclosures from Bitwise’s separate index methodology principles. Forward-looking statements in the filing are identified as predictions, with outcomes subject to the risks and uncertainties described.