# EDGAR Filing Document

**Accession Number:** 0001928561
**File Stem:** 0000940400-25-011049
**Filing Date:** 2025-11
**Character Count:** 24362
**Document Hash:** 799eb9e550bd7b67207ad1e27842d6c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011049.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bitwise Funds Trust
- **CENTRAL INDEX KEY:** 0001928561

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23801
- **FILM NUMBER:** 251529553

**BUSINESS ADDRESS:**
- **STREET 1:** 250 MONTGOMERY STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415-707-3663

**MAIL ADDRESS:**
- **STREET 1:** 250 MONTGOMERY STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

## Series and Classes Contracts Data

### Bitwise Web3 ETF (Series ID: S000077055)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000237195 | Bitwise Web3 ETF |  |

## Nport-Ex

#### Bitwise

#### Web3

#### ETF

#### Schedule

#### of

#### Investments
September

30,

2025

(Unaudited)

#### Shares

#### Value

#### Common

#### Stocks

#### –

#### 100.2%

#### Communication

#### Services

#### –

#### 24.7%
Alphabet,

Inc.,

Class

C

.........................................................

$

74,526

Electronic

Arts,

Inc.

............................................................

864

174,269

Meta

Platforms,

Inc.,

Class

A

....................................................

524

384,815

ROBLOX

Corp.,

Class

A

\*

.......................................................

2,954

409,188

Take-Two

Interactive

Software,

Inc.

\*

...............................................

635

164,059

Tencent

Holdings

Ltd.

..........................................................

898

76,522

1,283,379

#### Consumer

#### Discretionary

#### –

#### 1.6%
Alibaba

Group

Holding

Ltd.,

ADR

.................................................

84,718

#### Energy

#### –

#### 1.4%
Exxon

Mobil

Corp.

.............................................................

657

74,077

#### Financials

#### –

#### 23.9%
Block,

Inc.

\*

...................................................................

1,923

138,975

Bullish

\*

......................................................................

2,022

128,620

Coinbase

Global,

Inc.,

Class

A

\*

...................................................

1,214

409,713

Etoro

Group

Ltd.,

Class

A

\*

......................................................

649

26,784

Figure

Technology

Solutions,

Inc.,

Class

A

\*

.........................................

2,381

86,597

Galaxy

Digital,

Inc.,

Class

A

\*

.....................................................

2,265

76,623

Mastercard,

Inc.,

Class

A

.......................................................

71,670

OSL

Group

Ltd.

\*

..............................................................

10,249

19,759

Robinhood

Markets,

Inc.,

Class

A

\*

................................................

1,460

209,043

Visa,

Inc.,

Class

A

.............................................................

73,055

1,240,839

#### Information

#### Technology

#### –

#### 44.4%
Akamai

Technologies,

Inc.

\*

......................................................

37,122

Applied

Digital

Corp.

\*

...........................................................

3,596

82,492

Bitdeer

Technologies

Group,

Class

A

\*

..............................................

2,300

39,307

Cipher

Mining,

Inc.

\*

............................................................

5,103

64,247

Circle

Internet

Group,

Inc.

\*

......................................................

2,589

343,250

Cleanspark,

Inc.

\*

..............................................................

3,859

55,955

Cloudflare,

Inc.,

Class

A

\*

........................................................

984

211,157

CompoSecure,

Inc.,

Class

A

\*

....................................................

7,308

Core

Scientific,

Inc.

\*

...........................................................

4,054

72,729

Hut

Corp.

\*

..................................................................

1,429

49,739

IREN

Ltd.

\*

...................................................................

3,325

156,042

MARA

Holdings,

Inc.

\*

..........................................................

5,090

92,943

Microsoft

Corp.

...............................................................

76,657

Northern

Data

AG

\*

.............................................................

883

18,209

NVIDIA

Corp.

.................................................................

77,617

Riot

Platforms,

Inc.

\*

............................................................

4,815

91,629

Samsung

Electronics

Co.

Ltd.,

GDR

...............................................

80,676

Shopify,

Inc.,

Class

A

\*

..........................................................

2,709

402,584

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

..................................

79,598

Terawulf,

Inc.

\*

................................................................

5,276

60,252

Unity

Software,

Inc.

\*

...........................................................

5,092

203,884

2,303,397

#### Bitwise

#### Web3

#### ETF

#### Schedule

#### of

#### Investments
(Continued)

September

30,

2025

(Unaudited)

#### Shares

#### Value

#### Common

#### Stocks
(continued)

#### Real

#### Estate

#### –

#### 4.2%
Equinix,

Inc.

..................................................................

$

217,741

Total

Common

Stocks

(Cost

$4,532,631)

.........................................................

5,204,151

Total

Investments

–

100.2%

(Cost

$

4,532,631)

...........................................................................

$

5,204,151

Liabilities

in

Excess

of

Other

Assets

–

(0.2)%

.......................................................

(9,823)

#### Net

#### Assets

#### –

#### 100.0%

#### ..........................................................................

#### $

#### 5,194,328
\*

Non

Income

Producing

ADR

:

American

Depositary

Receipt

GDR

:

Global

Depositary

Receipt

#### Summary

#### of

#### Investment

#### Type

#### Industry

#### %

#### of

#### Net

#### Assets
Information

Technology

...........................................................................

44.4%

Communication

Services

..........................................................................

24.7%

Financials

......................................................................................

23.9%

Real

Estate

.....................................................................................

4.2%

Consumer

Discretionary

...........................................................................

1.6%

Energy

........................................................................................

1.4%

Total

Investments

................................................................................

100.2%

Liabilities

in

Excess

of

Other

Assets

..................................................................

(0.2)%

#### Net

#### Assets

#### .....................................................................................

#### 100.0%

#### Country

#### Breakdown

#### ^

#### Country

#### %

#### of

#### Net

#### Assets
United

States

....................................................................................

78.6%

Canada

........................................................................................

8.7%

China

..........................................................................................

3.5%

Australia

.......................................................................................

3.0%

Cayman

Islands

.................................................................................

2.5%

South

Korea

....................................................................................

1.6%

Taiwan

.........................................................................................

1.5%

Israel

..........................................................................................

0.5%

Germany

.......................................................................................

0.3%

Liabilities

in

Excess

of

Other

Assets

..................................................................

(0.2)%

#### Total

#### ..........................................................................................

#### 100.0%
^

The

Fund's

country

breakdown

may

change

over

time.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Bitwise Funds Trust

- **b. Investment Company Act file number:** 811-23801

- **c. CIK number of Registrant:** 0001928561

- **d. LEI of Registrant:** 549300P1JHTWCPFC1N08

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 250 MONTGOMERY STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94104

  - **Telephone number:** (415) 707-3663

**Item A.2. Information about the Series.**

- **a. Name of Series:** Bitwise Web3 ETF

- **b. EDGAR series identifier (if any):** S000077055

- **c. LEI of Series:** 549300XMJ6CHGRIVJV37

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5207634.27

**Total Liabilities:** $13283.40

**Net Assets:** $5194350.87

**Cash Not Reported:** $3137.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237195 | 8.03%                | 1.05%                | 10.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $348132.36                                 |
| Month 2  | $-10578.62               | $60017.53                                  |
| Month 3  | $565796.47               | $-48288.15                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IREN Ltd                       | IREN Ltd                                  | CUSIP: 000000000<br>LEI: 254900FZF02RB3NNGB71 | Long             | EC               | CORP              | AU        |      3325 | NS      | $156042.25    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software  | Take-Two Interactive Software Inc         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       635 | NS      | $164058.60    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OSL Group Ltd                  | OSL Group Ltd                             | CUSIP: 000000000<br>LEI: 254900CO7POSAPH8UL47 | Long             | EC               | CORP              | HK        |     10249 | NS      | $19759.27     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc      | Circle Internet Group Inc                 | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      2589 | NS      | $343249.62    | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                            | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |      3859 | NS      | $55955.50     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       864 | NS      | $174268.80    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                        | Bullish                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2022 | NS      | $128619.42    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       285 | NS      | $79597.65     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |       474 | NS      | $84718.02     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc            | Core Scientific Inc                       | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |      4054 | NS      | $72728.76     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       657 | NS      | $74076.75     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |       898 | NS      | $76522.29     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       126 | NS      | $71670.06     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       984 | NS      | $211156.56    | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       214 | NS      | $73055.32     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       148 | NS      | $76656.60     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2709 | NS      | $402584.49    | 7.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc             | Unity Software Inc                        | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |      5092 | NS      | $203883.68    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Data AG               | Northern Data AG                          | CUSIP: 000000000<br>LEI: 391200LB6JA3HAQWTS32 | Long             | EC               | CORP              | DE        |       883 | NS      | $18208.65     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                | CUSIP: 000000000<br>LEI: 2549007M2KGWVJ9XFP20 | Long             | EC               | CORP              | SG        |      2300 | NS      | $39307.00     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      1923 | NS      | $138975.21    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                   | Terawulf Inc                              | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |      5276 | NS      | $60251.92     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc              | Cipher Mining Inc                         | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |      5103 | NS      | $64246.77     | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions In | Figure Technology Solutions Inc           | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2381 | NS      | $86596.97     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc             | Galaxy Digital Inc                        | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |      2265 | NS      | $76623.22     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       524 | NS      | $384815.12    | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        54 | NS      | $80676.00     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                               | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2954 | NS      | $409188.08    | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                         | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |      5090 | NS      | $92943.40     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                       | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      1214 | NS      | $409712.86    | 7.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |      1429 | NS      | $49738.73     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       278 | NS      | $217740.72    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       416 | NS      | $77617.28     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure Inc                | CompoSecure Inc                           | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       351 | NS      | $7307.82      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Etoro Group Ltd                | Etoro Group Ltd                           | CUSIP: 000000000<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | IL        |       649 | NS      | $26784.23     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      1460 | NS      | $209042.80    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc             | Riot Platforms Inc                        | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |      4815 | NS      | $91629.45     | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc        | Akamai Technologies Inc                   | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       490 | NS      | $37122.40     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp           | Applied Digital Corp                      | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |      3596 | NS      | $82492.24     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       306 | NS      | $74526.30     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Bitwise Funds Trust

**Signature:** James H Bebrin III

**Name of Signer:** James H Bebrin III

**Title:** Assistant Treasurer of Bitwise Funds Trust