Bitwise 10 Crypto Index ETF 8-K, filed Sep 16, 2021
Bitwise 10 Crypto Index ETF (BITW)
About this 8-K
Bitwise 10 Crypto Index ETF filed this 8-K on September 16, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
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CURRENT REPORT
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Item 8.01. Other Events.
Pursuant to Rule 144, the Bitwise 10 Crypto Index Fund (the “Trust”) has been subject to a minimum one year holding period for the shares purchased from the Trust (“Shares”). Rule 144(d)(1)(i) sets a six-month holding period for securities sold by an issuer that has been subject to the reporting requirements under section 13 or 15(d) of the Exchange Act for a period of at least 90 days. The Trust filed its registration statement on Form 10 on April 23, 2021, and the registration statement became effective on June 22, 2021, making the Trust, as of June 22, 2021, subject to the reporting requirements of Section 13 under the Exchange Act. On September 20, 2021, the applicable holding period for the Shares will change, because the Trust will have been subject to the reporting requirements of Section 13 under the Exchange Act for a period of 90 days. As a result, beginning September 20, 2021, a minimum six-month holding period will apply to all Shares purchased from the Trust, including all shares purchased prior to March 20, 2021, in addition to other restrictions that may be required by Rule 144. As of September 15, 2021, there were 5,584,570 shares freely tradable and unrestricted, and a total of 20,150,428 issued and outstanding. As of March 20, 2021, there were a total of 19,627,242 shares issued and outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 16, 2021
| Bitwise Investment Advisers, LLC as Sponsor of Bitwise 10 Crypto Index Fund (BITW) | ||
| By: | /s/ Hunter Horsley | |
| Hunter Horsley Chief Executive Officer (Principal Executive Officer)* | ||
| * | As the Registrant is a trust, this report is being filed on behalf of the Registrant by Bitwise Investment Advisers, LLC, only in its capacity as the sponsor of the Registrant. The identified person signing this report is signing in his capacity as an authorized officer of Bitwise Investment Advisers, LLC. |