1 year of trading. 1 year of milestones. 1 year of enabling Ethereum exposure through the Bitwise Ethereum ETF $ETHW To everyone building with us—thank you. We’re just getting started.

RISKS AND IMPORTANT INFORMATION This material must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus, visit . ETHW is not suitable for all investors. An investment in ETHW is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. ETHW is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in ETHW is not a direct investment in ether. Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for ETHW, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.