Bitwise Submits New ETF Application After Recent XRP ETF Filing
Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to convert three of its existing crypto futures ETFs to a new rotation strategy. The move aims to balance exposure between cryptocurrency futures and U.S. Treasuries based on market trends. Notably, this adjustment will help manage downside risks and focus on long-term growth. If approved, this strategy is expected to take effect on December 3, 2024, under the new ETF ticker $BITC. Introducing Trendwise: A New Investment Strategy Consequently, the updated investment strategy, called “Trendwise,” is designed to dynamically rotate between cryptocurrency and Treasuries, responding to market