Important Information

The information provided in this advertising material is for informative purposes only and does not constitute investment advice, a recommendation or solicitation to conclude a transaction.

This document (which may be in the form of a presentation, press release, social media post, blog post, broadcast communication or similar instrument – we refer to this category of communications generally as a “document” for purposes of this disclaimer) is issued by Bitwise Europe GmbH (“BEU” or “the Issuer”). This document has been prepared in accordance with applicable laws and regulations (including those relating to financial promotions). This document does not constitute investment advice, a recommendation or solicitation of an offer to buy any product or to make any investment. It is provided for illustrative, educational or information purposes only and may be subject to change.

Bitwise Europe GmbH, incorporated under the laws of Germany, is the issuer of Exchange Traded Products (“ETPs”) described in this document under a base prospectus and final terms, which may be supplemented from time to time, and which are approved by BaFin. If you are considering investing in products issued by BEU you should check with your broker or bank that such products are available in your jurisdiction and suitable for your investment profile. A decision to invest any amount in an ETPs offered by BEU should take into consideration your specific circumstances after seeking independent investment, tax and legal advice.

You should read the relevant base prospectus and final terms before investing and, in particular, the section entitled ‘Risk Factors' for further details of risks associated with an investment. The prospectuses, final terms and other documents relevant to BEU's ETPs are available under the “Resources” section at www.bitwiseinvestments.com/eu. When visiting this website, you will need to self-certify as to your jurisdiction and investor type in order to access these documents, and in so doing you may be subject to other disclaimers and important information.

If You Are in the UK, US, or Canada

Information contained in this document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering in the United States or Canada, or any state, province or territory thereof, where neither the Issuer nor its products are authorised or registered for distribution or sale and where no prospectus of the Issuer has been filed with any securities regulator. Neither this document nor information in it should be taken, transmitted or distributed (directly or indirectly) into the United States.

This document does not constitute an invitation or inducement to engage in investment activity. In the UK, this document is provided for information purposes and directed only at investment professionals (as defined under the Financial Services and Markets Act 200 (Financial Promotion) Order 2005 as amended from time to time). It is not intended for use by, or directed at, retail customers or any person who does not have professional experience in matters relating to investment in cryptocurrencies and crypto-backed ETPs. Neither the Issuer nor its products are authorised or regulated by the UK Financial Conduct Authority.

Publications & Social Media Disclosure

Social media posts (including, but not limited to, LinkedIn and Twitter) (“Social Media”) are not, and should not be considered to be recommendations, solicitations or offers by BEU to buy or sell any securities, futures, options or other financial instruments or other assets or provide any investment advice or service. BEU makes all reasonable efforts to ensure that the information contained in documents and on Social Media is accurate and reliable, however, errors sometimes occur. All documents and any materials available on Social Media are provided “as is” without any express or implied warranties. Bitwise Europe does not guarantee, warrant or represent those documents and any materials on Social Media are accurate, valid, timely or complete. Any comments expressed by members of the online community represent those persons' own views and are not endorsed by Bitwise Europe.

Risks of ETPs & Cryptocurrencies

An investment in an ETP backed by one or more cryptocurrencies, such as those issued by BEU, is dependent on the performance of the underlying cryptocurrency, less costs, but it is not expected to match the performance of the underlying asset precisely. Investing in ETPs also involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks and investors should be prepared to lose some or all of the amount invested.

ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income. The value of any ETP may be affected by exchange rates and the price movement of its underlying cryptocurrency(ies). Documents may contain forward looking statements including statements regarding Bitwise Europe's belief or current expectations with regards to the performance of certain asset classes. Forward looking statements are subject to certain risks, uncertainties and assumptions, and there can be no assurance that such statements will be accurate and actual results could differ materially. You must not place undue reliance on forward-looking statements or any information contained in documents.

Cryptocurrencies are highly volatile and are known for their extreme and rapid fluctuations in prices. While there may be potential for significant gains, you are at risk of losing part of or your entire capital invested. The price of cryptocurrencies can fluctuate widely and, for example, may be impacted by global and regional political, economic or financial events, regulatory events or statements by regulators, investment trading, hedging or other activities by a wide range of market participants, forks in underlying protocols, disruptions to the infrastructure or means by which crypto assets are produced, distributed, stored and traded. Characteristics of cryptocurrencies and divergence of applicable regulatory standards create the potential for market abuse. The price of cryptocurrencies may also change due to shifting investor confidence in future outlook of the asset class.

For a detailed overview of risks associated with cryptocurrencies and specifically associated with BEU's products, please refer to the prospectus and final terms available on the Bitwise Europe website www.bitwiseinvestments.com/eu.