Bitwise Bitcoin ETF

(1)

to (4). Fees for services performed by KPMG LLP (“KPMG”) for the periods ended December 31, 2024 and 2023 were as follows:

• Audit fees for the period ended December 31, 2024, are fees paid to KPMG for professional services for the audit of the Trust’s annual financial statements included in the Annual Report on Form 10-K and review of financial statements included in the quarterly reports on Form 10-Q, and for services that are normally provided by the accountants in connection with regulatory filings or engagements. Audit related fees were related to audit consent letters for additional SEC filings for the Trust.

** Audit fees for the period ended December 31, 2023, consist of contractual fees payable to KPMG for the audit of the Trust’s November 10, 2023 financial statements included in the Trust’s Registration Statement on Form S-1 (Registration No. 333-260235), which was declared effective by the SEC on January 10, 2024 under the 1933 Act, for the December 31, 2023 annual financial statements included in the Annual Report on Form 10-K for the period ended December 31, 2023. Audit related fees were related to audit consent letters for additional SEC filings for the Trust.

(5)

The Trust has no board of directors, and as a result, has no audit committee or pre-approval policy with respect to fees paid to its principal accounting firm. The Sponsor approved all of the services provided by KPMG described above. The Sponsor pre-approves all audit and permissible non-audit services of the Trust’s independent registered public accounting firm, including all engagement fees and terms.