Bitwise Crypto Industry Innovators ETF
Schedule of Investments
June 30, 2023 (Unaudited)
| Description | | Shares | | | Fair Value | |
| | | | | | | |
| COMMON STOCK†† — 99.7% | | | | | | |
| | | | | | | |
| Consumer Discretionary— 1.2% | | | | | | |
| MercadoLibre* | | | 893 | | | $ | 1,057,848 | |
| | | | | | | | | |
| Financials — 29.7% | | | | | | | | |
| Bakkt Holdings* (A) | | | 2,330,794 | | | | 2,866,877 | |
| Bank of New York Mellon | | | 26,539 | | | | 1,181,516 | |
| Block, Cl A* | | | 17,873 | | | | 1,189,806 | |
| CME Group, Cl A | | | 6,121 | | | | 1,134,160 | |
| Coinbase Global, Cl A* | | | 117,151 | | | | 8,382,154 | |
| DBS Group Holdings | | | 49,971 | | | | 1,163,473 | |
| Galaxy Digital Holdings* (A) | | | 825,831 | | | | 3,576,053 | |
Interactive Brokers Group,
Cl A | | | 14,091 | | | | 1,170,539 | |
| Mastercard, Cl A | | | 3,035 | | | | 1,193,666 | |
| NU Holdings, Cl A* | | | 162,742 | | | | 1,284,034 | |
| PayPal Holdings* | | | 17,734 | | | | 1,183,390 | |
| Visa, Cl A | | | 4,957 | | | | 1,177,188 | |
| | | | | | | | 25,502,856 | |
| Information Technology — 68.8% | | | | | | | | |
| Applied Digital* (A) | | | 368,285 | | | | 3,443,465 | |
| Bit Digital* (A) | | | 1,019,347 | | | | 4,138,549 | |
| Bitfarms* (A) | | | 2,520,443 | | | | 3,733,284 | |
| Canaan ADR* | | | 1,668,117 | | | | 3,553,089 | |
| Cipher Mining* (A) | | | 514,587 | | | | 1,471,719 | |
| Cleanspark* | | | 819,989 | | | | 3,517,753 | |
| Hive Blockchain Technologies* (A) | | | 1,043,844 | | | | 4,843,531 | |
| Hut 8 Mining* (A) | | | 1,594,114 | | | | 5,300,663 | |
| Iris Energy* (A) | | | 519,711 | | | | 2,421,853 | |
| Marathon Digital Holdings* | | | 339,278 | | | | 4,702,393 | |
| MicroStrategy, Cl A* | | | 25,029 | | | | 8,570,430 | |
| Northern Data* | | | 162,706 | | | | 3,994,027 | |
| Riot Platforms* | | | 645,783 | | | | 7,633,155 | |
| Terawulf* | | | 1,120,706 | | | | 1,961,235 | |
| | | | | | | 59,285,146 | |
Total Common Stock
(Cost $69,981,736) | | | | | | | 85,845,850 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENT — 15.0% | | | | | | | | |
Invesco Government & Agency
Portfolio | | | | | | | | |
| 5.05%(B)(C) | | | 12,901,290 | | | | 12,901,290 | |
| | | | | | | | | |
Total Short-Term Investment
(Cost $12,901,290) | | | | | | | 12,901,290 | |
| | | | | | | | | |
Total Investments - 114.7%
(Cost $82,883,026) | | | | | | $ | 98,747,140 | |
Percentages are based on net assets of $86,098,751.
| | †† | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |
| * | Non-income producing security. |
| (A) | Certain securities or partial positions of certain securities are on loan at June 30, 2023. The total market value of securities on loan at June 30, 2023 was $13,157,391. |
| (B) | This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2023 was $12,901,290. |
| (C) | The rate shown is the 7-day effective yield as of June 30, 2023. |
ADR— American Depositary Receipt
Cl — Class
BIT-QH-001-0500
