Bitwise Asset Management, which has 8 bitcoin and cryptocurrency ETFs in the US market, has filed a request to change the rules of its product, which should also allow the purchase of US Treasury bonds.
According to the company, it intends to âconvert its three cryptocurrency futures ETFs from long-only strategies to strategies that alternate between exposure to cryptocurrencies and US Treasury bonds based on market trends.â
For its new operation, the company created a mechanism called âTrendwise.â Thus, they want to drive the rotation to purchase bitcoin when it is up, and to US debt bonds when BTC is down.
The products that should undergo the changes are BITC (bitcoin futures), AETH (ether futures) and, finally, BTOP (ether and bitcoin futures).
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