Bitwise 10 Crypto Index ETF Reports 34% Decline in Net Assets and Negative 24.39% Total Return for Q1 2026

summarizeSummary

Bitwise 10 Crypto Index ETF reported a significant decrease in net assets and a negative total return for the first quarter of 2026, primarily due to crypto asset price depreciation and substantial share redemptions.

check_boxKey Events

• Significant Decline in Net Assets

  Net assets decreased by $351.6 million, from $1,029.9 million as of December 31, 2025, to $678.2 million as of March 31, 2026.

• Negative Total Return

  The Trust reported a total return of -24.39% at net asset value for the three months ended March 31, 2026.

• Substantial Share Redemptions

  2,250,000 shares were redeemed during the quarter, contributing to the decrease in net assets.

• Crypto Asset Price Depreciation

  The decline was primarily driven by a net change in unrealized depreciation of $308.4 million on investments in crypto assets.

auto_awesomeAnalysis

The Bitwise 10 Crypto Index ETF experienced a substantial decline in its financial performance for the first quarter of 2026. Net assets decreased by $351.6 million, primarily driven by significant unrealized depreciation in its crypto asset holdings. This performance resulted in a negative total return of 24.39% and substantial share redemptions totaling 2.25 million shares. While the management fee was significantly reduced from 2.50% to 0.75% per annum, effective December 9, 2025, this positive operational change was overshadowed by the adverse market conditions for crypto assets during the period.