According to Techub News, according to Coindesk, Bitwise is converting its three futures-based ETFs into a single ETF, and the conversion is expected to take place on December 3.

After the conversion, it will become 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 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. The switch could take place on Dec. 3. The new fund will charge investors an expense ratio of 0.85%.