CoinVoice has recently learned that according to Coindesk, Bitwise announced on Friday 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).

Bitwise said in a statement that the launch of spot Bitcoin and Ethereum ETFs earlier this year made futures-based crypto funds less attractive for investors seeking long-term capital appreciation. With the new fund, asset managers can better manage volatility in the crypto market by rotating between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries based on market trends.

Bitwise is converting its three futures-based ETFs into a single ETF, with the conversion expected to take place on December 3. [Original link]