# EDGAR Filing Document

**Accession Number:** 0001928561
**File Stem:** 0000940400-25-011089
**Filing Date:** 2025-11
**Character Count:** 10532
**Document Hash:** d27e45e176a3a94eca149138cc4e7b44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011089.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011089

**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:** 251529614

**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 MARA Option Income Strategy ETF (Series ID: S000091076)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000258471 | Bitwise MARA Option Income Strategy ETF |  |

## Nport-Ex

#### Bitwise

#### MARA

#### Option

#### Income

#### Strategy

#### ETF

#### Schedule

#### of

#### Investments
September

30,

2025

(Unaudited)

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Value

#### Purchased

#### Option

#### –

#### 14.5%

#### Calls

#### –

#### Exchange-Traded

#### –

#### 14.5%
MARA

Holdings,

Inc.

Expiration:

10/17/25;

Exercise

Price:

$16.01

(a) .........................

3,072

$

4,918,272

$

820,777

Total

Purchased

Options

(Cost

$407,557)

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

820,777

#### Shares

#### Money

#### Market

#### Funds

#### –

#### 4.9%
DWS

Government

Money

Market

Series

Institutional,

4.10%

(b) (Cost

$277,367)

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

277,367

277,367

Total

Investments

–

19.4%

(Cost

$684,924)

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

$

1,098,144

Other

Assets

in

Excess

of

Liabilities

–

80.6%

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

4,566,258

#### Net

#### Assets

#### –

#### 100.0%

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

#### $

#### 5,664,402

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Written

#### Options

#### –

#### (6.1)%

#### Calls

#### –

#### Exchange-Traded

#### –

#### (4.0)%
MARA

Holdings,

Inc.

Expiration:

10/03/25;

Exercise

Price:

$17.50

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

(737) $

(1,289,750)

(74,437)

Expiration:

10/03/25;

Exercise

Price:

$18.00

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

(736) (1,324,800)

(52,256)

Expiration:

10/03/25;

Exercise

Price:

$18.50

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

(122) (225,700)

(5,978)

Expiration:

10/17/25;

Exercise

Price:

$20.00

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

(775) (1,550,000)

(57,350)

Expiration:

10/17/25;

Exercise

Price:

$21.00

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

(700) (1,470,000)

(38,500)

(228,521)

#### Puts

#### –

#### Exchange-Traded

#### –

#### (2.1)%
MARA

Holdings,

Inc.

Expiration:

10/17/25;

Exercise

Price:

$16.01

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

(3,072)

(4,918,272)

(119,747)

Total

Written

Options

(Premiums

Received

$455,085)

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

$

(348,268)

(a) Held

in

connection

with

Written

Options.

(b) Rate

shown

reflects

the

7-day

yield

as

of

September

30,

2025. #### Summary

#### of

#### Investment

#### Type

#### Industry

#### %

#### of

#### Net

#### Assets
Purchased

Option

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

14.5%

Money

Market

Funds

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

4.9%

Total

Investments

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

19.4%

Other

Assets

in

Excess

of

Liabilities

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

80.6%

#### Net

#### Assets

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

#### 100.0%

## 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 MARA Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000091076

- **c. LEI of Series:** 529900NZ66XB2X2K0S20

**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:** $6017088.56

**Total Liabilities:** $352685.56

**Net Assets:** $5664403.00

**Cash Not Reported:** $4918272.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258471 | -8.88%               | -0.34%               | 5.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-297.43                 | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $-36277.12               | $0.00                                      |

**Designated Index Information**

- **Index Name:** MARA Benchmark

- **Index Identifier:** 3FB7OKK3YA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DWS Government Money Market Series | DWS Government Money Market Series | CUSIP: 25160K207<br>LEI: 549300CN99USSS74NL68 | Long             | STIV             | RF                | US        |    277367 | NS      | $277366.59    | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -737 | NC      | $-52327.00    | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| MAREX CAPITAL MARKETS INC.         | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 5493006BWPDUCYG6EQ34 | N/A              | DE               | CORP              | US        |     -3071 | NC      | $-119707.58   | -2.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -738 | NC      | $-74538.00    | -1.32%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -700 | NC      | $-38500.00    | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| JSCT, LLC                          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 5493000CIOWPGHX4AH71 | N/A              | DE               | CORP              | US        |        -1 | NC      | $-38.98       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JSCT, LLC                          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 5493000CIOWPGHX4AH71 | N/A              | DE               | CORP              | US        |         1 | NC      | $267.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -121 | NC      | $-5929.00     | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -775 | NC      | $-57350.00    | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MAREX CAPITAL MARKETS INC.         | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 5493006BWPDUCYG6EQ34 | N/A              | DE               | CORP              | US        |      3071 | NC      | $820509.78    | 14.49%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | MARA HOLDINGS INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |        -1 | NC      | $-49.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-18

**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