secwatch.observer — SEC 8-K summary
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Issuer:     Bitwise 10 Crypto Index ETF (BITW)
CIK:        0001723788
Form:       8-K/A
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001193125-21-363456
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Bitwise 10 Crypto Index Fund amends 8-K; states amended Note 3 cannot be relied upon
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- Management determined on Dec 1, 2021 that amended Note 3 in financial statements filed Aug 13, 2021 cannot be relied upon as part of audit opinion.
- Amendment relates to fair value measurement policy for digital assets; Sponsor believes impact is immaterial with avg price difference <0.05%.
- Former auditor WithumSmith+Brown PC will re-issue dual-dated audit opinion; KPMG consulted as successor auditor.
- Sponsor plans to re-issue audited FY2019 and FY2020 financial statements with revised valuation policy consistent with ASC 820.
- Sponsor does not expect any impact on financial position, operations, or cash flow from these changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723788/000119312521363456/0001193125-21-363456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723788/000119312521363456/d254771d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-363456

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