Rule 497(e)
Registration Nos. 333-264900 and 811-23801
Bitwise Funds
Trust
(the “Trust”)
Bitwise Web3 ETF
(the “Fund”)
November 4, 2022
Supplement To
the Fund’s Statement of Additional Information
Dated October 4, 2022
The Board of Trustees of the Trust has elected James Bebrin to serve as Assistant Treasurer of the Trust. Accordingly, the table set forth in the section of the Statement of Additional Information entitled “Management of the Fund – Trustees and Officers” has been amended to include to the following row:
| Name, Address and Year of Birth |
Position and Offices with Trust | Term of Office and Year First Elected or Appointed | Principal Occupations During Past 5 Years |
Number of Portfolios in the Bitwise Fund Complex Overseen by Trustee | Other Trusteeships or Directorships Held by Trustee During the Past 5 Years |
| Officers of the Trust | |||||
| James Bebrin c/o Bitwise Investment Manager, LLC 400 Montgomery Street Suite 600 San Francisco, CA 94104 |
Assistant Treasurer |
• Indefinite term • Since |
Director of Controls and Fund Administration of Bitwise Asset Management (2021 – present); Fund Manager of WisdomTree Asset Management (2015 – 2021) | N/A | N/A |
PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE