UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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| Item 4.01. | Changes in Registrant’s Certifying Accountant. |
(a) Dismissal of Previous Independent Registered Public Accounting Firm
On October 21, 2021, management of Bitwise Investment Advisers, LLC (the “Sponsor”), which is the Sponsor of the Bitwise 10 Crypto Index Fund (the “Trust”), dismissed WithumSmith+Brown PC (“WSB”) as the Trust’s independent registered public accounting firm effective as of that date.
WSB’s audit reports on the Trust’s consolidated financial statements for the Trust’s fiscal year ended December 31, 2020, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
During the most recent fiscal year and the subsequent interim period through October 21, 2021, there were (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Trust and WSB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to WSB’s satisfaction, would have caused WSB to make reference to the subject matter of the disagreements in connection with its reports on the Trust’s consolidated financial statements for such years, and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Trust has provided WSB with a copy of the disclosures contained herein and has requested that WSB furnish the Trust with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein and, if not, stating the respects in which it does not agree. A copy of WSB’s letter, dated October 21, 2021, is filed as Exhibit 16.1 herewith.
(b) Appointment of New Independent Registered Public Accounting Firm
On October 21, 2021, the Sponsor approved, effective immediately, the engagement of KPMG LLP (“KPMG”) as the Trust’s independent registered public accounting firm for the Trust’s fiscal year ending December 31, 2021.
During the most recent fiscal year and in the subsequent interim period through October 21, 2021, neither the Trust nor anyone acting on behalf of the Trust, has consulted with KPMG regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Trust’s consolidated financial statements, and neither a written report nor oral advice was provided to the Trust that KPMG concluded was an important factor considered by the Trust in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any “reportable event” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 16.1 | Letter from WithumSmith+Brown PC, dated October 21, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 25, 2021
| Bitwise Investment Advisers, LLC as Sponsor of Bitwise 10 Crypto Index Fund (BITW) | ||
| By: | /s/ Hunter Horsley | |
| Hunter Horsley | ||
| Chief Executive Officer (Principal Executive Officer)* | ||
| * | As the Registrant is a Trust, this report is being filed on behalf of the Registrant by Bitwise Investment Advisers, LLC, only in its capacity as the sponsor of the Registrant. The identified person signing this report is signing in his capacity as an authorized officer of Bitwise Investment Advisers, LLC. |