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Bitwise to Launch Bitcoin and Treasury Rotation Strategy ETF (BITC)

According to CoinDesk, Bitwise has announced the launch of the BitwiseTrendwise Bitcoin and Treasury Rotation Strategy ETF (BITC), which combines the Bitwise Bitcoin Strategy OptmRollETF (BITC), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and EthEqWghStrETF (TOBP).。Bitwise said in a statement that asset managers can better manage the volatility of the crypto market by rotating between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries based on market trends.。The conversion will likely take place on December 3.。The new fund will charge investors 0.85% of the cost rate。

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