Correspondence 0001213900-25-052883 from Bitwise Funds Trust (CIK 0001928561)
Bitwise Funds Trust (CIK 0001928561)
Date: June 10, 2025 · CIK: 0001928561 · Accession: 0001213900-25-052883
AI Filing Summary & Sentiment
File numbers found in text: 333-264900, 811-23801
Letter
VIA EDGAR CORRESPONDENCE United States Securities and Exchange Commission Division of Investment Management 100 F Street, N.E. Washington, D.C. 20549 Re: Bitwise Funds Trust File Nos. 333-264900; 811-23801
Dear Ms. Vroman-Lee:
This letter responds to your comments delivered telephonically regarding the registration statement filed on Form N-1A (the “Registration Statement”) for Bitwise Funds Trust (the “Registrant”) with the staff of the Securities and Exchange Commission (the “Staff”). The Registration Statement relates to the Bitwise Crypto Industry Innovators ETF (the “Fund”), a series of the Registrant. Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.
Comment 1 – General
The Staff reminds the Registrant and its management that they are responsible for the accuracy and adequacy of the disclosures, notwithstanding any review, comments, action or absence of action by the Staff. Where a comment is made in one location, it is applicable to all similar disclosures appearing elsewhere in the Registration Statement. Please ensure that corresponding changes are made to any similar disclosure.
Response to Comment 1
The Registrant confirms that corresponding changes made in response to the Staff’s comments have been made to any similar disclosure throughout the Registration Statement and that it will provide the Staff with a response letter in the form of correspondence at least five business days before effectiveness.
Comment 2 – Principal Investment Strategies
Does the Fund intend to obtain exposure to crypto assets aside from bitcoin and ether. If so, please revise the disclosure to specify such assets. If not, please revise the disclosure to remove the references to “another liquid crypto asset.”
Response to Comment 2
The Fund’s disclosure has been revised to remove references to “another liquid crypto asset.”
* * * * * * * *
Please call me at (312) 845-3724 if you have any questions or issues you would like to discuss regarding these matters.
Sincerely yours,
Chapman and Cutler LLP
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CORRESP
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Richard J. Coyle
Partner
Chapman and Cutler LLP
320 South Canal Street
Chicago, Illinois 60606
T 312.845.3724
rcoyle@chapman.com
June 10, 2025
VIA EDGAR CORRESPONDENCE
Ashley Vroman-Lee
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Re:
Bitwise Funds Trust
File Nos. 333-264900; 811-23801
Dear Ms. Vroman-Lee:
This letter responds to your
comments delivered telephonically regarding the registration statement filed on Form N-1A (the “Registration Statement”)
for Bitwise Funds Trust (the “Registrant”) with the staff of the Securities and Exchange Commission (the “Staff”).
The Registration Statement relates to the Bitwise Crypto Industry Innovators ETF (the “Fund”), a series of the Registrant.
Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.
Comment
1 – General
The Staff reminds the Registrant
and its management that they are responsible for the accuracy and adequacy of the disclosures, notwithstanding any review, comments, action
or absence of action by the Staff. Where a comment is made in one location, it is applicable to all similar disclosures appearing elsewhere
in the Registration Statement. Please ensure that corresponding changes are made to any similar disclosure.
Response
to Comment 1
The Registrant confirms that
corresponding changes made in response to the Staff’s comments have been made to any similar disclosure throughout the Registration
Statement and that it will provide the Staff with a response letter in the form of correspondence at least five business days before
effectiveness.
Comment 2 – Principal Investment Strategies
Does the Fund intend to obtain
exposure to crypto assets aside from bitcoin and ether. If so, please revise the disclosure to specify such assets. If not, please revise
the disclosure to remove the references to “another liquid crypto asset.”
Response to Comment 2
The Fund’s disclosure
has been revised to remove references to “another liquid crypto asset.”
* * * * * * * *
Please call me at (312) 845-3724
if you have any questions or issues you would like to discuss regarding these matters.
Sincerely yours,
Chapman and Cutler LLP
By:
/s/ Richard J. Coyle
Richard J. Coyle
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