According to CoinDesk, Bitwise has announced the launch of the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC), which combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), the Bitwise Ethereum Strategy ETF (AETH), and the Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).
In a statement, Bitwise said asset managers could better manage volatility in the crypto market by rotating between 100 percent exposure to crypto futures contracts and 100 percent exposure to U.S. Treasuries, depending on market trends. The switch is likely to take place on Dec. 3. The new fund will charge investors a 0.85 percent expense ratio.
Bitwise will launch a Bitcoin and Treasury Rotation Strategy ETF (BITC)
2024-10-05 01:37:00
Coindesk report bitwise announcement launch bitwise trendwise bitcoindesk3cryptocurrencydesktopCrypto News
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