Bitwise will launch a Bitcoin and Treasury Rotation Strategy ETF (BITC)
According to reports, Bitwise has announced the launch of the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC). This fund combines the Bitwise Bitcoin Strategy OptmRollETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and EthEqWghStrETF (BTOP). In a statement, Bitwise said that asset managers can rotate between 100% exposure to crypto futures contracts and 100% exposure to U.S. treasuries based on market trends, thereby better managing fluctuations in the crypto market. The conversion may take place on December 3rd. The new fund will charge investors a fee rate of 0.85%.
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