Publicly Traded
ForbesCapital 10 Crypto Index Fund
A secure way to get diversified exposure to bitcoin and leading cryptocurrencies. The Fund seeks to track an Index comprised of the 10 most highly valued cryptocurrencies, screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly. The fund provides the security and simplicity of a traditional investment vehicle, with shares tradable in brokerage accounts using ticker “FCTW.”
MARKET PRICE*
$65.71
INTRADAY NAV**
$75.51
AUM†
$1.528B
PRICE CHANGE TODAY
$-0.04 / -0.06%
PREVIOUS DAY NAV‡
$74.58
* Market price as of December 13, 2024 9:00 PM GMT+1.
** Intraday NAV as of December 13, 2024 10:00 PM GMT+1. Estimate calculated by FC each hour.
† Estimated AUM as of December 13, 2024 10:45 PM GMT+1; non-GAAP, unaudited.
‡ Estimated NAV per share as of December 12, 2024 10:00 PM GMT+1; non-GAAP, unaudited.
Shares of the FC 10 Crypto Index Fund are registered with the Securities and Exchange Commission pursuant to Section 12(g) of the Securities and Exchange Act of 1934, as amended. The Shares are not registered under the Securities Act of 1933 (the “Securities Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or any other regulatory body. The Fund does not currently operate a redemption program.
PERFORMANCE
Past performance does not predict future results. The blue line shows the performance of the Fund on a NAV per share basis, net of fees and expenses. The green line shows the last daily traded price for the shares on OTCQX.
Returns
As of: December 13, 2024 10:00 PM GMT+1
| Returns | 1 Month | 3 Months | YTD | 12 Months | Since Inception † | SINCE OTCQX QUOTATION‡ |
|---|---|---|---|---|---|---|
| FC 10 Crypto Index Fund (NAV) * | 20.0% | 74.2% | 118.0% | 118.2% | 655.1% | 353.6% |
| Secondary Market Performance (OTCQX: FCW) | 38.3% | 139.3% | 183.8% | 179.6% | N/A | 119.4% |
| Bitwise 10 Large Cap Crypto Index ** | 20.2% | 75.3% | 123.2% | 123.8% | 780.0% | 400.5% |
| Bitcoin *** | 13.3% | 70.2% | 142.1% | 137.1% | 1133.1% | 454.9% |
* Fund returns are calculated net of expenses. Shares are subject to a 2.5% annual fee that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
** Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. Index performance does not include the fees and expenses that are charged by the Fund. Past performance is not indicative of future performance. Please refer to additional important disclosures here.
*** The returns of bitcoin (BTC) are historical and unaudited and do not represent the returns of an actual account. These historical returns do not include the fees and expenses that are charged by any Fund. Actual Fund returns may differ materially from the historical returns of bitcoin. Please refer to additional important disclosures here.
† FC 10 Crypto Index Fund inception date: November 22, 2017.
‡ Inception of quotation on OTCQX: December 9, 2020. (This was the first day that Shares of the FC 10 Crypto Index Fund were eligible to trade on the OTCQX® Best Market.)
Fund Holdings*
| Name | Weight | Market Cap | Price | Change (24hr) |
|---|---|---|---|---|
Bitcoin
|
70.8% | $2,040,278,997,721 | $103,119.15 | 2.4% |
Ethereum
|
16.7% | $468,536,593,345 | $3,890.61 | 1.5% |
Solana
|
3.8% | $104,628,942,385 | $220.41 | 2.2% |
XRP
|
4.9% | $137,141,669,273 | $2.41 | 2.0% |
Cardano
|
3.8% | $38,749,223,026 | $1.08 | 3.5% |
Avalanche
|
0.7% | $20,512,577,287 | $50.14 | 1.3% |
Chainlink
|
0.6% | $17,989,340,476 | $28.70 | -0.7% |
Bitcoin Cash
|
0.4% | $10,651,203,330 | $538.17 | 3.3% |
Polkadot
|
0.5% | $12,795,340,380 | $8.89 | 6.1% |
NEAR Protocol
|
0.3% | $8,226,956,077 | $6.76 | 3.8% |
Key Facts
Minimum Investment
$100,000
Subscriptions
Weekly
Redemptions
Monthly
Asset Class
Crypto Assets
* Requires a two weeks notice period. For the first 36 months, redemptions may incur a 9% early withdrawal fee. No withdrawal fee after 36 months.
Fees and Expenses
Any investment > $1M will have a fee break of 50 bps.
* Expense Ratio includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
Fund Details
* Expense Ratio includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
Shares of the Bitwise 10 Crypto Index Fund are registered with the Securities and Exchange Commission pursuant to Section 12(g) of the Securities and Exchange Act of 1934, as amended. The Shares are not registered under the Securities Act of 1933 (the “Securities Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or any other regulatory body. The Fund does not currently operate a redemption program.
Become an investor in the FC 10 Crypto Index Fund today
The FC 10 Crypto Index Fund is a smart and convenient way to invest in the cryptocurrency market. It currently has a $100,000 minimum investment.
Methodology
The Bitwise Crypto Indexes follow clear, rules-based processes to make them both investable and replicable. The methodologies take into account crypto-native factors surrounding liquidity, security, regulatory status, market representation, network distributions, and more to ensure they fully capture the investable crypto asset market opportunity.
- The most valuable assets rebalanced monthly
- Robust diligence of eligibility criteria
- 24/7 monitoring for sudden events
Index Advisory Board
Douglas Bogart
Managing Director and Head of Research at Blockchain Capital
Previously VP of Equity Research at Needham & Company.
Spencer Dash
Senior Strategic Advisor
Previously Global Head of Index Business at Bloomberg LP. Before that, Managing Director and Global Head of Research & Design at Standard & Poor's.
Mike Hougan
Chief Investment Officer at Bitwise
Previously CEO at Inside ETFs, Managing Director of Global Finance at Informa. Before that, CEO of ETF.com. Co-authored the CFA Institute's monograph on ETFs.