Bitwise Asset Management plans to reshape its three crypto futures exchange-traded funds by adding Treasuries to the mix in an effort to curtail volatility.

"The new Trendwise strategies capitalize on that momentum through a trend-following strategy that rotates between crypto and Treasuries exposure based on market direction," said Bitwise Chief Information Officer Matt Hougan in a statement. "The goal is to help minimize downside volatility and potentially improve risk-adjusted returns.”

Bitwise launched a spot bitcoin ETF in January and then later its spot Ethereum ETF after getting approval from the SEC. Earlier this week, Bitwise filed with the SEC a registration statement for a spot XRP ETF, which would mark the first of its kind if approved. That approval faces challenges since the SEC has been embroiled in a legal fight with Ripple after the agency accused the company of raising $1.3 billion through the sale of XRP, which it views as an unregistered security.

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