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COINTURK NEWS > Cryptocurrency News > Bitwise Asset Management Launches New ETF Strategy for Crypto and Treasury Investments
Cryptocurrency News

Bitwise Asset Management Launches New ETF Strategy for Crypto and Treasury Investments

In Brief

  • Bitwise launches a new ETF strategy based on market trends for crypto and Treasuries.

  • The strategy aims to minimize losses and support long-term growth.

  • Bitwise expands offerings to provide more diverse investment tools for crypto investors.

Ömer Ergin
Ömer Ergin 8 months ago
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Bitwise Asset Management has introduced a new product based on market trends for its three cryptocurrency futures ETFs. This initiative aims to achieve continuous gains by adjusting the weight between cryptocurrency futures and U.S. Treasury bonds according to current conditions. The new ETF will be identified by the ticker $BITC.

Contents
New ETF StrategyStrategic Innovations and RenamingBitwise’s Expansion Steps

New ETF Strategy

This strategy is designed to reduce the risk of losses during downturns while supporting long-term growth. It is set to come into effect around December 3, 2024. Bitwise has submitted a proposal to the SEC for a new ETF focused on Bitcoin $104,831 and Treasuries, planning to rotate the investment strategy of its three cryptocurrency futures ETFs using its proprietary strategy named “Trendwise.” At the indicated date, the Bitcoin Strategy Optimal Roll ETF will begin operating under the names Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC).

Strategic Innovations and Renaming

The Ethereum $2,542 Strategy ETF will be renamed to Trendwise Ethereum and Treasury Rotation Strategy ETF. Additionally, the Bitcoin and Ether Equal Weight Strategy ETF will operate under the names Trendwise BTC/ETH and Treasury Rotation Strategy ETF. This new strategy dynamically responds to market trends and volatility to ensure minimal deviation while maintaining a focus on long-term price appreciation.

Matt Hougan, Bitwise CTO: “Momentum is a significant factor across virtually all asset classes, and it’s strong for crypto as well. The new Trendwise strategies utilize this momentum through a trend-following approach that rotates between crypto and Treasury investments based on market direction. The goal is to minimize downside volatility and potentially enhance risk-adjusted returns.”

Bitwise employs a proprietary signal based on market momentum for cryptocurrencies. This strategy includes Bitcoin and Ethereum, determined by 10 to 20-day exponential moving averages. Funds invest in relevant cryptocurrencies as long as the 10-day EMA is above the 20-day EMA, indicating upward momentum; otherwise, they switch to U.S. Treasury bonds. Funds will maintain current expense ratios and tax regulations, ensuring existing investors do not need to take any action.

Bitwise’s Expansion Steps

The year 2024 has been filled with developments for Bitwise. The company launched its first spot Bitcoin ETP in January and its first Ethereum ETP in July. In August, it expanded its footprint as the world’s largest cryptocurrency index fund manager by acquiring the crypto fund provider ETC Group.

Recently, Bitwise filed an S-1 registration to present a spot XRP ETF directly investing in Ripple $2 Labs’ crypto token to the SEC. If approved, this will grant investors direct access to the Ripple token.

Bitwise’s recent initiatives aim to offer more diverse and flexible investment tools for crypto investors. The company’s innovative strategies can help investors manage risks and potentially enhance their returns by adapting to market conditions.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 4 October, 2024 - 11:09 pm 4 October, 2024 - 11:09 pm
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