Bitwise Takes Direct Management of Crypto Industry Innovators ETF

Bitwise is bringing portfolio management of the Bitwise Crypto Industry Innovators ETF in-house, ending its sub-advisory arrangement with Exchange Traded Concepts (ETC) effective after December 31, 2026. Bitwise Investment Manager, the fund’s existing investment adviser, will assume responsibility for day-to-day portfolio management. As part of the transition, four portfolio managers, Andrew Serowik, Todd Alberico, Gabriel Tan and Brian Cooper, will step down from their roles. Jennifer Thornton and Daniela Padilla will remain as portfolio managers, providing continuity during the restructuring. The change consolidates investment oversight under Bitwise’s internal team, with no modifications to the fund’s investment strategy or objectives announced in the filing.