Here are the 10-Q quarterly reports from Bitwise 10 Crypto Index ETF (BITW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BITW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BITW filings page.
Bitwise 10 Crypto Index ETF (BITW) reported net assets of $748.716 million at September 30, 2026, and NAV per share of $55.04. Crypto investments had a fair value of $748.702 million; Bitcoin made up 74.79% of shareholders’ equity and Ethereum 14.54%. For the three months ended September 30, the Trust recorded a $243.889 million increase in net assets from operations, compared with $205.296 million in 2025, as its holdings appreciated during the quarter.
For the nine months ended September 30, 2026, operations reduced net assets by $95.514 million, compared with a $264.946 million increase in 2025. The 2026 result included $202.576 million of unrealized depreciation, partly offset by $111.107 million of realized gains; the Trust attributed the loss primarily to price depreciation of its holdings. It redeemed 3,940,000 shares during the nine months; shares issued and outstanding were 13,601,947 as of September 30, 2026. The annual management fee is 0.75% of net asset value.
Bitwise 10 Crypto Index ETF issues shares that track a portfolio of large-cap crypto assets benchmarked to the Bitwise 10 Large Cap Crypto Index. As of June 30, 2026, net assets were 532,787 (amounts in thousands) with 14,141,947 shares outstanding and a Principal Market NAV per share of $37.67.
For the six months ended June 30, 2026, the ETF recorded a net decrease in net assets from operations of 339,403 (thousands), driven by net realized gains on crypto assets of 94,107 (thousands) more than offset by unrealized depreciation of 430,685 (thousands). Total return at NAV was -36.16%, compared with 4.37% in the prior-year period. Net assets also declined as redemptions of 3,400,000 shares outweighed creations of 90,000 shares.
The portfolio remains highly concentrated in Bitcoin and Ethereum: at June 30, 2026 Bitcoin represented about 77.82% of portfolio crypto assets and Ethereum 12.59%. The management fee and expense ratio are 0.75% per year, with the sponsor covering most operating costs. During 2026 the trust added Anchorage Digital Bank N.A. as a second qualified custodian alongside Coinbase in a multi-custodian framework to distribute custody risk.
Bitwise 10 Crypto Index ETF reported a significant decline in assets and performance for the three months ended March 31, 2026. Net assets fell from $1,029,869 to $678,236 (amounts in thousands), driven by weak crypto prices and share redemptions.
The fund recorded a net decrease in net assets from operations of $240,148 (thousands), including a net realized and unrealized loss on investments of $238,601 (thousands) and a net investment loss of $1,547 (thousands). Principal Market NAV per share dropped from $59.01 to $44.62, a total return of (24.39)% at NAV.
Bitcoin remained the core holding at 76.73% of portfolio value and Ethereum at 14.31% as of March 31, 2026. The management fee, now 0.75% per year of average net assets, continued to be the fund’s main ongoing expense.
Bitwise 10 Crypto Index Fund (BITW) reported stronger results for the quarter ended September 30, 2025. Net assets rose to $1,630,685,631 from $1,365,739,802 at year-end, and Principal Market NAV per share increased to $80.56.
Investments at fair value totaled $1,634,076,084, led by Bitcoin at $1,183,230,554 and Ethereum at $260,957,782, with additional exposure to Ripple, Solana, Cardano, Chainlink, Avalanche, Sui, Litecoin, and Polkadot. The fund recorded a quarterly net increase in net assets from operations of $205,295,236, driven by $215,386,500 in realized and unrealized gains, offset by management fees of $10,091,264. For the nine months, net increase from operations was $264,945,829, including management fees of $26,439,820.
Shares outstanding were 20,241,947. The sponsor filed an S-3 on June 10, 2025 seeking to offer shares to be listed on NYSE Arca; as of this report, the registration statement had not been declared effective.