Bitwise announced 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). 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 to better manage volatility in the crypto market. The switch is likely to take place on December 3. The new fund will charge investors an expense ratio of 0.85%. (CoinDesk)
