Bitwise Bitcoin ETF
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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Item 11. Executive Compensation
The Trust has no employees or directors and is managed by the Sponsor. None of the members or officers of the Sponsor receive compensation (including in the form of equity award grants) from the Trust. Accordingly, the Trust has no specific policy or practice on the timing of grants of equity awards in relation to the disclosure of material nonpublic information.
The Trust pays the Sponsor the unitary Sponsor Fee of 0.20% per annum of the Trust’s bitcoin holdings. The Sponsor waived the entire Sponsor Fee on the first $1 billion of Trust assets until July 11, 2024. The Sponsor Fee accrued during the period ended December 31, 2025 was $8,132,160.
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