Bitwise 10 Crypto Index ETF (BITW) plans NYSE Arca listing and trust overhaul

Rhea-AI Filing Summary

Bitwise 10 Crypto Index ETF is updating its legal structure and listing venue as it converts to an exchange-traded fund. On December 3, 2025, the trust’s name was formally changed from “Bitwise 10 Crypto Index Fund” to “Bitwise 10 Crypto Index ETF,” and a First Amended and Restated Trust Agreement was executed to replace the original 2020 agreement. The amended agreement will only take effect once the fund’s common shares are listed on NYSE Arca and regular trading has begun.

Subject to required regulatory approvals, the shares are expected to list and begin trading on NYSE Arca under the symbol BITW on or about December 9, 2025, at which point trading on the OTCQX Best Market is expected to cease. The company notes there is no assurance that the listing will occur on this anticipated timeline, or at all.

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ETF structure and markets analyst

Bitwise 10 Crypto Index ETF plans NYSE Arca uplisting tied to amended trust terms.

Bitwise 10 Crypto Index ETF is transitioning its trust framework and trading venue as part of a conversion to an exchange-traded fund. The sponsor and trustee executed a First Amended and Restated Trust Agreement on December 3, 2025, replacing the original May 1, 2020 agreement, with effectiveness conditioned on NYSE Arca listing and commencement of regular trading.

The name change from “Bitwise 10 Crypto Index Fund” to “Bitwise 10 Crypto Index ETF” was formalized via a Certificate of Amendment filed in Delaware on the same date. The fund’s shares are expected to move from the OTCQX Best Market to NYSE Arca under the “BITW” symbol on or about December 9, 2025, subject to regulatory approvals, and the filing explicitly cautions that the listing may not occur on the anticipated timeline or at all.

This conversion and planned uplisting centralize trading on a national securities exchange, which can affect liquidity and visibility, but the actual impact will depend on regulatory approvals and the successful start of trading on NYSE Arca as described.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 4, 2025

Bitwise 10 Crypto Index ETF

(Exact name of registrant as specified in its charter)

Delaware		000-56270		82-3002349
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification No.)

250 Montgomery Street, Suite 200
San Francisco, California (Address of principal executive offices) 94104 (zip code)

Registrant’s telephone number, including area code: (415) 707-3663

Bitwise 10 Crypto Index Fund

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

See Item 5.03 below.

Item 3.03 Material Modification to Rights of Security Holders

See Item 5.03 below.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On December 3, 2025, pursuant to a pending conversion of the Bitwise 10 Crypto Index ETF (the “Trust”) to an exchange-traded fund (the “Conversion”), the CSC Delaware Trust Company (the “Trustee”), as trustee of the Trust, caused a Certificate of Amendment to the Trust’s Certificate of Trust to be filed with the Secretary of State of the State of Delaware in order to change the name of the Trust from “Bitwise 10 Crypto Index Fund” to “Bitwise 10 Crypto Index ETF”. In addition, on December 3, 2025, Bitwise Investment Advisers, LLC (the “Sponsor”) and the Trustee, entered into a First Amended and Restated Trust Agreement of the Trust (the “A&R Trust Agreement”), which amended and restated the Trust Agreement of the Trust dated May 1, 2020 (the “Original Trust Agreement”). The A&R Trust Agreement shall become effective at the first time at which the common shares of beneficial interest of the Trust (the “Shares”) are listed on the NYSE Arca, Inc. (the “Exchange”) and admitted to trading thereon and regular trading in the Shares has commended on the Exchange. The A&R Trust Agreement makes several modifications to the Original Trust Agreement, including the following:

1. Reflecting the change of the Trust’s name from “Bitwise 10 Crypto Index Fund” to “Bitwise 10 Crypto Index ETF.”

2. Changes necessary to reflect the pending conversion to an exchange-traded product, including, (1) changes to the calculation and payment of the Management Fee, and (2) providing the Trust with the ability to create or redeem its shares with Authorized Participants in creation or redemption baskets in exchange for delivery to the Trust or the distribution by the Trust of the amount of Crypto Assets or cash represented by the baskets being created or redeemed.

Item 8.01 Other Events

Subject to the receipt of certain regulatory approvals, the Shares are expected to be listed and begin trading on the Exchange under the new name, and the trading symbol “BITW”, on or about December 9, 2025. In connection with such listing, it is expected that the Shares will cease to be quoted on the OTCQX Best Market. No assurance can be given that the Shares will list and trade on the Sponsor’s anticipated timeline, or at all.

Item 9.01 Financial Statements and Exhibits

3.1	First Amended and Restated Trust Agreement (incorporated by reference to Exhibit 3.1 of the Registration Statement on Form S-3 filed by the Registrant on December 4, 2025).
3.2	Certificate of Amendment to the Certificate of Trust (incorporated by reference to Exhibit 3.3 of the Registration Statement on Form S-3 filed by the Registrant on December 4, 2025).
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

Dated: December 4, 2025	Bitwise 10 Crypto Index ETF
	Bitwise Investment Advisers, LLC, as Sponsor of Bitwise 10 Crypto Index ETF

	By:	/s/ Paul Fusaro
	Name	Paul Fusaro
	Title:	Chief Operating Officer and Secretary (Principal Executive Officer)*

* As the Registrant is a Trust, this report is being filed on behalf of the Registrant by Bitwise Investment Advisers, LLC in its capacity as the Sponsor of the Registrant. The identified person signing this report is signing in that person's capacity as an authorized officer of Bitwise Investment Advisers, LLC.

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FAQ

What did Bitwise 10 Crypto Index ETF (BITW) announce in this 8-K?

Bitwise 10 Crypto Index ETF disclosed a name change from “Bitwise 10 Crypto Index Fund” to “Bitwise 10 Crypto Index ETF,” adopted a First Amended and Restated Trust Agreement, and outlined plans for its shares to list on NYSE Arca under the symbol BITW, replacing trading on the OTCQX Best Market.

When are Bitwise 10 Crypto Index ETF (BITW) shares expected to begin trading on NYSE Arca?

The shares are expected to be listed and begin trading on NYSE Arca under the symbol BITW on or about December 9, 2025, subject to the receipt of certain regulatory approvals.

What legal changes did Bitwise 10 Crypto Index ETF make to support the ETF conversion?

On December 3, 2025, the trustee filed a Certificate of Amendment in Delaware to change the trust’s name, and the sponsor and trustee entered into a First Amended and Restated Trust Agreement that replaces the original May 1, 2020 agreement once NYSE Arca listing and regular trading commence.

What happens to Bitwise 10 Crypto Index ETF trading on OTCQX after the NYSE Arca listing?

In connection with the expected NYSE Arca listing, the filing states that the fund’s shares are expected to cease to be quoted on the OTCQX Best Market once the NYSE Arca trading begins.

Is the NYSE Arca listing of Bitwise 10 Crypto Index ETF (BITW) guaranteed?

No. The company notes that the listing and trading on NYSE Arca are subject to certain regulatory approvals, and explicitly states that no assurance can be given that the shares will list and trade on the sponsor’s anticipated timeline, or at all.

Which entities are involved in the updated trust arrangements for Bitwise 10 Crypto Index ETF?

The trust arrangements involve CSC Delaware Trust Company as trustee and Bitwise Investment Advisers, LLC as sponsor. They jointly executed the First Amended and Restated Trust Agreement governing the Bitwise 10 Crypto Index ETF.