Bitwise 10 Crypto Index ETF filed its quarterly report on Form 10-Q for the period ended June 30, 2026. The fund trades under the ticker BITW on NYSE Arca, according to the filing.
The BITW fund includes BTC, ETH, XRP, SOL, HYPE, ADA, SUI, LTC, LINK, and XLM, which combined account for around $1.6 trillion of the $2.2 trillion total crypto market cap.
The quarterly report from Bitwise comes amid the firm cutting 14% of its workforce as a result of the ongoing crypto slump. This accounts for around 25 jobs being trimmed.
What the Bitwise ETF Filing Confirms
The filing identifies Bitwise Investment Advisers, LLC as the sponsor and lists the fund as a Delaware registrant. It also states that BITW had 14,141,947 shares outstanding as of August 2, 2026.
???? NEW: Bitwise cuts 14% of its workforce amid the crypto price slump, trimming staff to about 155 from 180. pic.twitter.com/Uwt3lt3oAh
— Cointelegraph (@Cointelegraph) August 12, 2026
The report cautions that crypto assets have experienced extreme volatility and that market prices and conditions may materially affect the value of the trusts shares. It also identifies regulatory developments, liquidity, custody, and the operations of crypto-asset networks among the risks facing the fund.
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Index Methodology and Rebalancing
Bitwises published crypto-index methodology describes its indexes as rules-based and transparent. The methodology says the indexes are designed to be investable and replicable, with considerations that include liquidity, capital controls, trading-venue stability, and custody limitations.
Under that methodology, the Bitwise Crypto Index Committee meets monthly one week before the rebalance date, or earlier, to review data sources and methodological decisions. The committee is responsible for developing, maintaining, and adjusting the index methodologies and verifying the data sources used to calculate the indexes.
What Remains Outside the Available Record
The available filing extract confirms the reporting period, the fund‘s identity, and its August share count, but it does not provide sufficient detail to establish changes in net assets, portfolio weights, redemptions, or the reasons for changes in the fund’s assets. It also does not establish claims about other Bitwise products, product liquidations, staffing or corporate transactions.
JUST IN: Bitwise's 10 Crypto Index ETF (BITW) 10-Q shows XRP holdings cut from 26.8M units to 21.9M units down 18.3% in H1 2026.
XRP's index weight fell from 4.76% to 4.29% as total net assets dropped from $1.03B to $532.8M.
Also notable: Avalanche and Polkadot were dropped… https://t.co/7hqQvd4LVn pic.twitter.com/ZhkctRsg0V
— ????????????????XRP (@BankXRP) August 8, 2026
Investors assessing BITW should distinguish between the fund-specific disclosures in the quarterly report and the broader principles set out in Bitwises index methodology. The filing emphasizes that forward-looking statements are predictions and that actual results may differ materially because of the risks and uncertainties described in the report.
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