Bitwise Bitcoin ETF

No executive officers or directors of the Sponsor have adopted, modified, orterminated trading plans under either a "Rule 10b5-1 trading arrangement” or a "non-Rule 10b5-1 trading arrangement" (as such terms defined in Item 408 of Regulation S-K of the 1933 Act) for the three-month period ended March 31, 2025.

Osprey Transaction

As previously disclosed in the Trust’s Current Report on Form 8-K filed with the SEC on August 30, 2024, the Trust, the Sponsor, Osprey Bitcoin Trust (the “Osprey Trust”) and Osprey Funds, LLC, the sponsor of the Osprey Trust (“Osprey”), entered into that certain Asset Purchase and Contribution Agreement (the “APA”) on August 26, 2024. Pursuant to the APA, the Osprey Trust agreed to sell and the Trust agreed to purchase all of the bitcoin owned by the Osprey Trust (the “Acquired Bitcoin”), and the Trust agreed to issue an amount of Shares of the Trust (the “Consideration Shares”) with a combined NAV equal to the value of the Acquired Bitcoin as determined by reference to the BRRNY. The Consideration Shares would be issued to the registered holder of the shares of the Osprey Trust, which is the DTC that holds through Cede & Co., as nominee for DTC.

As previously disclosed in the Trust’s Current Report on Form 8-K filed with the SEC on February 14, 2025, on February 10, 2025, the APA was terminated following the payment by Osprey Trust and Osprey to the Trust and the Sponsor of an undisclosed settlement amount set forth in a separate settlement agreement by and among Osprey Trust, Osprey, the Trust, and the Sponsor.