M&A - Bitwise Funds Trust

Form Type: 497

Filing Date: 2025-06-12

Corporate Action: Merger

Type: New

Accession Number: 000121390025053772

Filing Summary: Exchange Traded Concepts Trust is proposing a reorganization of the Bitwise Crypto Industry Innovators ETF (the Target Fund) into a new series under the Bitwise Funds Trust, also called the Bitwise Crypto Industry Innovators ETF (the Acquiring Fund). This plan has been recommended by the investment adviser and approved by the Board of Trustees, which believes the reorganization will benefit shareholders by providing a seamless transition to a fund with the same investment objectives, strategies, and fee structures. If approved by shareholders in a Special Meeting scheduled for August 6, 2025, the assets of the Target Fund will be transferred to the Acquiring Fund, resulting in shareholders of the Target Fund receiving shares of the Acquiring Fund commensurate with their holdings in the Target Fund. There are no anticipated fees or tax implications stemming from this reorganization. Should the shareholders not approve the plan, alternative options, including liquidation, may be pursued by the Board.

Form Type: N-14/A

Filing Date: 2025-06-10

Corporate Action: Merger

Type: New

Accession Number: 000121390025052868

Filing Summary: Bitwise Funds Trust has filed a registration statement regarding the reorganization of the Bitwise Crypto Industry Innovators ETF (the 'Target Fund') into a newly created series of the Bitwise Funds Trust, also named Bitwise Crypto Industry Innovators ETF (the 'Acquiring Fund'). This reorganization was recommended by Exchange Traded Concepts, LLC (the investment advisor for the Target Fund) and approved by the Board of Trustees of the Exchange Traded Concepts Trust. The Target Fund shareholders are being asked to vote on the Agreement and Plan of Reorganization at a Special Meeting scheduled for August 6, 2025. Upon approval, the Target Fund will transfer its assets to the Acquiring Fund in exchange for shares that reflect the same net asset value, with no fees or commissions involved in the process. The investments and management will largely remain the same, ensuring a seamless transition for shareholders.

Form Type: N-14

Filing Date: 2025-04-25

Corporate Action: Merger

Type: New

Accession Number: 000121390025035595

Filing Summary: Bitwise Funds Trust has filed a Registration Statement under the Securities Act of 1933 for the reorganization of the Bitwise Crypto Industry Innovators ETF (Target Fund) into a newly created series of Bitwise Funds Trust, also called the Bitwise Crypto Industry Innovators ETF (Acquiring Fund). The reorganization will allow shareholders of the Target Fund to receive shares of the Acquiring Fund equal in aggregate net asset value at the time of the reorganization. The Board of Trustees of Exchange Traded Concepts Trust has approved the plan and recommends that shareholders vote in favor of it. The reorganization is structured such that there will be no recognition of gain or loss for tax purposes and no fees will be imposed on shareholders as a result of the reorganization. The ETC Board has called a Special Meeting for shareholders to vote on this proposal.