Quarterly ResultMay 7, 2026, 06:02 AM
Bitwise 10 Crypto Index ETF Q1 Net Assets Down 34% to $678M
AI Summary
Bitwise 10 Crypto Index ETF reported a significant decrease in net assets for the three months ended March 31, 2026, falling to $678.2 million from $1.03 billion at the end of 2025. This decline was primarily driven by $308.4 million in net change in unrealized depreciation from crypto assets and $111.5 million in net redemptions of shares. The ETF also experienced a net investment loss of $1.5 million during the quarter.
Key Highlights
- Net Assets decreased 34% to $678.2 million as of March 31, 2026, from $1.03 billion on December 31, 2025.
- Principal Market NAV per Share was $44.62 on March 31, 2026, down from $59.01.
- Net change in unrealized depreciation from Crypto Assets was $(308.4) million for Q1 2026.
- Net realized gain from Crypto Assets was $69.8 million for Q1 2026.
- Net decrease in net assets from operations was $(240.1) million for Q1 2026.
- Net redemptions for Shares redeemed totaled $(111.5) million for Q1 2026.
- Bitcoin comprised 76.73% ($520.4 million) of total crypto assets as of March 31, 2026.
- Ethereum comprised 14.31% ($97.0 million) of total crypto assets as of March 31, 2026.