Bitwise Asset Management has introduced a new exchange-traded fund (ETF) that leverages market trends to facilitate investments in cryptocurrency futures and U.S. Treasury bonds.

New ETF Strategy

The newly launched strategy focuses on minimizing losses during unfavorable market conditions while fostering long-term growth. Slated for launch on December 3, 2024, Bitwise has submitted a proposal to the SEC for an ETF that will rotate investments between Bitcoin and Treasuries using a unique methodology dubbed 'Trendwise'.

Changes to ETF Names

In conjunction with this strategy, Bitwise will rename existing ETFs. The Ethereum Strategy ETF will be rebranded as Trendwise Ethereum and Treasury Rotation Strategy ETF, while the Bitcoin and Ether Equal Weight Strategy ETF will now operate as Trendwise BTC/ETH and Treasury Rotation Strategy ETF, reflecting the focus on dynamically responding to market fluctuations.

Recent Bitwise Initiatives

Key takeaways from Bitwise’s recent initiatives include the introduction of a trend-following strategy, rebranding existing ETFs, and the expected operational launch of the ETF on December 3, 2024, while continuing the current expense ratios and tax regulations.

With a series of strategic moves in 2024, including the launch of new Bitcoin and Ethereum ETPs, Bitwise is solidifying its position as a leader in cryptocurrency investments.