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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>GAMESTOP CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="GME 7 C25.5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01VB6V7B2"/>
        </identifiers>
        <balance>-704.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-28160.00000000</valUSD>
        <pctVal>-1.31053092060</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>INTERCONTINENTAL EXCHANGE, INC.</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GameStop Corp</issuerName>
                <issueTitle>GameStop Corp</issueTitle>
                <identifiers>
                  <cusip value="36467W109"/>
                  <isin value="US36467W1099"/>
                  <ticker value="GME"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>25.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-07-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1573.05000000</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>68244.91000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68244.91000000</valUSD>
        <pctVal>3.176032128149</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>
      <invstOrSec>
        <name>MAREX NORTH AMERICA LLC</name>
        <lei>5493008RKGQ4XITI3W85</lei>
        <title>GAMESTOP CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="GGM5P301Z"/>
        </identifiers>
        <balance>-164.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-94701.80000000</valUSD>
        <pctVal>-4.40730245513</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MAREX NORTH AMERICA LLC</counterpartyName>
              <counterpartyLei>5493008RKGQ4XITI3W85</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GameStop Corp</issuerName>
                <issueTitle>GameStop Corp</issueTitle>
                <identifiers>
                  <cusip value="36467W109"/>
                  <isin value="US36467W1099"/>
                  <ticker value="GME"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>30.01000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-48033.05000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAREX NORTH AMERICA LLC</name>
        <lei>5493008RKGQ4XITI3W85</lei>
        <title>GAMESTOP CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="GGM5P231Z"/>
        </identifiers>
        <balance>-704.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-33468.16000000</valUSD>
        <pctVal>-1.55756599913</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MAREX NORTH AMERICA LLC</counterpartyName>
              <counterpartyLei>5493008RKGQ4XITI3W85</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GameStop Corp</issuerName>
                <issueTitle>GameStop Corp</issueTitle>
                <identifiers>
                  <cusip value="36467W109"/>
                  <isin value="US36467W1099"/>
                  <ticker value="GME"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>23.01000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>51381.99000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <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. The fund's inception date is 06/10/2025. The performance return presented is for a partial month." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-25</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>
