Bitwise Asset Management wants its crypto futures ETF (exchange-traded fund) converted from long-only strategies to rotate between crypto and US Treasuries exposure depending on market trends.

Crypto adoption continues to grow, with institutional players like Bitwise extending their reach in the space.

Bitwise Wants Its Futures ETFs to Align with Crypto and US Treasuries Trend

The firm is pushing for conversion to strategic financial instruments, ones that show flexibility to market trends in offering exposure to crypto and US treasuries.

“We have Bitwise out with another ETF filing. It will be a treasury and bitcoin rotation strategy. The ticker will be BITC,” ETF specialist James Seyffart remarked.

The conversion could happen around December 3, 2024, with the funds expected to change their names and strategies, specifically:

• BITC, the Bitwise Bitcoin Strategy Optimum Roll ETF, will become the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF.
• AETH, the Bitwise Ethereum Strategy ETF, will convert to the Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF.
• BTOP, the Bitwise Bitcoin and Ether Equal Weight Strategy ETF, will convert to the Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF.

Read more: What Is a Bitcoin ETF?

The ETFs would adopt Bitwise’s proprietary “Trendwise” model, rotating from crypto into treasuries and vice versa. This strategy would minimize downside volatility while achieving long-term price appreciation.

“The new Trendwise strategies capitalize on that momentum through a trend-following strategy that rotates between

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Author: Lockridge Okoth

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