Bitwise
Futures ETFs Seek
New Edge in Crypto and
US Treasuries
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
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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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » 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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Strategy Optimum Roll ETF, will become the Bitwise
Trendwise Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Treasuries Rotation Strategy ETF.
AETH, the Bitwise Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Strategy ETF, will convert to the Bitwise Trendwise
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and Treasuries Rotation Strategy ETF.
BTOP, the Bitwise Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » 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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » 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 crypto and Treasuries exposure
based on market direction. The goal is to help minimize downside volatility
and potentially improve risk-adjusted returns,” an excerpt in the press
release read , citing Bitwise CIO Matt Hougan.
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The strategy, which utilizes the 10- and 20-day exponential moving averages
(EMA) of crypto assets like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, invests in these assets when
the 10-day EMA surpasses the 20-day EMA, indicating upward momentum. When the
trend reverses, the investment rotates into Treasuries.
Despite these shifts, the funds expense ratios and tax treatments will
remain unchanged, meaning that existing investors do not need to take any
action ahead of the conversions.
Bitwise, a prominent player in the crypto industry, provides exposure to
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum through its crypto ETFs, BITB and ETHW. In August, the
firm expanded its footprint by acquiring European crypto fund provider ETC
Group• Информационные технологии » Информатика » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd and recently filed for a spot XRP ETP .
Despite these positive strides, Bitwise is currently facing legal challenges .
As reported by BeInCrypto, Vandelay Industrieshas accused Bitwise and its top
executives of financial misconduct, seeking $2 million in damages. This
lawsuit adds a contentious element to what has otherwise been an eventful year
for the asset manager.
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