BITWISE FUNDS TRUST

Ticker: BTOP CUSIP: 091748400 Class: TRENDWISE BTC

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 17,323

SIMPLEX TRADING, LLC

Value ($000) $119 Shares 4,120

Value ($000) $0 Shares 7

Institution	Shares	Value ($000)
FLOW TRADERS U.S. LLC	17,323	$0
SIMPLEX TRADING, LLC	4,120	$119
FMR LLC	7	$0

Decreased Positions (1)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $248 (-21.8%) Shares 8,617 (-3.2%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	8,900	8,617	-283 (-3.2%)

Exited Positions (1)

JANE STREET GROUP, LLC

Value ($000) $756 Shares 21,201

Institution	Prev Shares	Prev Value ($000)
JANE STREET GROUP, LLC	21,201	$756