Bitwise
Bitcoin
Strategy
Optimum
Roll
ETF
Schedule
of
Investments
March
31,
2023
(Unaudited)
1
Principal
Value
U.S.
Treasury
Bills
–
27
.2
%
U.S.
Treasury
Bill,
4.40%,
5/23/2023
(a)
(Cost
$
347,752
)
.............................................................
$
350,000
$
347,772
Shares
Money
Market
Funds
–
6.5%
DWS
Government
Money
Market
Series
Institutional,
4.77%
(b)
(Cost
$
82,820
)
..............................................................
82,820
82,820
Total
Investments
–
33.7%
(Cost
$
430,572
)
.............................................................................
$
430,592
Other
Assets
in
Excess
of
Liabilities
–
66
.3
%
........................................................
845,775
Net
Assets
–
100.0%
..........................................................................
$
1,276,367
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Rate
shown
reflects
the
7-day
yield
as
of
March
31,
2023.
At
March
31,
2023,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
†
CME
Micro
Bitcoin
Futures
.........................
244
$
701,256
4/28/23
$
12,877
CME
Bitcoin
Futures
..............................
4
574,800
4/28/23
(
214
)
Total
net
unrealized
appreciation
$
12,663
†
Cash
in
the
amount
of
$193,922
has
been
pledged
as
collateral
for
open
futures
contracts
as
of
March
31,
2023.
Summary
of
Investment
Type
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
27
.2
%
Money
Market
Funds
.............................................................................
6
.5
%
Total
Investments
................................................................................
33
.7
%
Other
Assets
in
Excess
of
Liabilities
..................................................................
66
.3
%
Net
Assets
.....................................................................................
100
.0
%