Bitwise Investment Manager, LLC

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BTOP ETF | Bitwise Asset Management Announcement About the Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) Bitwise Investment Manager, LLC, the Fund’s Adviser, closed and liquidated the Fund on May 29, 2026. Shareholders who did not sell their shares of BTOP by May 21, 2026, had their shares automatically redeemed for cash based on the Fund’s net asset value (NAV). The redemption was provided to shareholders through their brokers or other financial intermediaries around May 29, 2026. BTOP Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF BTOP takes a balanced approach to the two biggest assets in crypto, seeking to provide exposure to the upside potential of bitcoin and ether with an emphasis on managing downside risk. The Fund s proprietary, rules-based strategy invests in equal-weighted bitcoin and ether futures when prices are gaining momentum and rotates fully into U.S. Treasuries when the reverse is true. The Fund does not invest directly in bitcoin or ether. Contact Us Why BTOP Fund Summary Holdings Why invest in BTOP? Bitcoin and ether are the world's most important crypto asssets. BTOP offers a way for investors to gain directional exposure to these assets when crypto markets are gathering momentum while seeking to manage downside risk when markets are in retreat. Learn More Directional Exposure to Crypto, Managed for Downside Risk Bitcoin and ether have historically made up 60 to 80% of the global crypto market. BTOP's strategy seek

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