# EDGAR Filing Document

**Accession Number:** 0001928561
**File Stem:** 0000940400-25-011076
**Filing Date:** 2025-11
**Character Count:** 9605
**Document Hash:** 52ecfdcaee85b484b5753dd282b29030
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011076.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011076

**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:** 251529595

**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 MSTR Option Income Strategy ETF (Series ID: S000091077)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000258472 | Bitwise MSTR Option Income Strategy ETF |  |

## Nport-Ex

#### Bitwise

#### MSTR

#### Option

#### Income

#### Strategy

#### ETF

#### Schedule

#### of

#### Investments
September

30,

2025

(Unaudited)

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Value

#### Purchased

#### Option

#### –

#### 7.9%

#### Calls

#### –

#### Exchange-Traded

#### –

#### 7.9%
MicroStrategy,

Inc.

Expiration:

10/17/25;

Exercise

Price:

$305.01

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

1,331

$

40,596,831

$

3,486,421

Total

Purchased

Options

(Cost

$2,526,556)

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

3,486,421

#### Shares

#### Money

#### Market

#### Funds

#### –

#### 3.7%
DWS

Government

Money

Market

Series

Institutional,

4.10%

(b) (Cost

$1,615,469)

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

1,615,469

1,615,469

Total

Investments

–

11.6%

(Cost

$4,142,025)

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

$

5,101,890

Other

Assets

in

Excess

of

Liabilities

–

88.4%

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

38,801,450

#### Net

#### Assets

#### –

#### 100.0%

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

#### $

#### 43,903,340

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Written

#### Options

#### –

#### (4.0)%

#### Calls

#### –

#### Exchange-Traded

#### –

#### (1.5)%
MicroStrategy,

Inc.

Expiration:

10/03/25;

Exercise

Price:

$317.50

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

(193) $

(6,127,750)

(189,140)

Expiration:

10/03/25;

Exercise

Price:

$325.00

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

(193) (6,272,500)

(106,150)

Expiration:

10/17/25;

Exercise

Price:

$355.00

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

(265) (9,407,500)

(132,500)

Expiration:

10/17/25;

Exercise

Price:

$360.00

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

(386) (13,896,000)

(157,874)

Expiration:

10/17/25;

Exercise

Price:

$370.00

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

(294) (10,878,000)

(84,966)

(670,630)

#### Puts

#### –

#### Exchange-Traded

#### –

#### (2.5)%
MicroStrategy,

Inc.

Expiration:

10/17/25;

Exercise

Price:

$305.01

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

(1,331)

(40,596,831)

(1,093,297)

Total

Written

Options

(Premiums

Received

$3,281,967)

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

$

(1,763,927)

(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

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

7.9%

Money

Market

Funds

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

3.7%

Total

Investments

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

11.6%

Other

Assets

in

Excess

of

Liabilities

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

88.4%

#### 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 MSTR Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000091077

- **c. LEI of Series:** 5299004OYS1MZUD7YN96

**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:** $45705305.37

**Total Liabilities:** $1801569.02

**Net Assets:** $43903736.35

**Cash Not Reported:** $40597229.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258472 | -2.49%               | -15.08%              | -0.41%               |

**Monthly Gains & Losses**

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

**Designated Index Information**

- **Index Name:** MSTR Benchmark

- **Index Identifier:** YUU261FRTE

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MAREX CAPITAL MARKETS INC.         | MICROSTRATEGY INC                  | CUSIP: 000000000<br>LEI: 5493006BWPDUCYG6EQ34 | N/A              | DE               | CORP              | US        |     -1331 | NC      | $-1093296.71  | -2.49%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | STRATEGY INC                       | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -193 | NC      | $-106150.00   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | STRATEGY INC                       | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -386 | NC      | $-157874.00   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| DWS Government Money Market Series | DWS Government Money Market Series | CUSIP: 25160K207<br>LEI: 549300CN99USSS74NL68 | Long             | STIV             | RF                | US        |   1615469 | NS      | $1615469.08   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MAREX CAPITAL MARKETS INC.         | MICROSTRATEGY INC                  | CUSIP: 000000000<br>LEI: 5493006BWPDUCYG6EQ34 | N/A              | DE               | CORP              | US        |      1331 | NC      | $3486421.40   | 7.94%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | STRATEGY INC                       | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -193 | NC      | $-189140.00   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | STRATEGY INC                       | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -265 | NC      | $-132500.00   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.          | STRATEGY INC                       | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -294 | NC      | $-84966.00    | -0.19%            |  |  |  | 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