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            <exercisePrice>10.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-346835.96000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DWS Government Money Market Series</name>
        <lei>549300CN99USSS74NL68</lei>
        <title>DWS Government Money Market Series</title>
        <cusip>25160K207</cusip>
        <identifiers>
          <isin value="US25160K2078"/>
          <ticker value="ICAXX"/>
        </identifiers>
        <balance>331666.50000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>331666.50000000</valUSD>
        <pctVal>12.68315923572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Bitwise Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>James H Bebrin III</ncom:signature>
      <ncom:signerName>James H Bebrin III</ncom:signerName>
      <ncom:title>Assistant Treasurer of Bitwise Funds Trust</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
