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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.
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 
$104,867 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 
$2,519 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.
