Bitwise Crypto Futures ETFs With New Trendwise Strategies on Dec 3

Key Points:

• Bitwise Asset Management plans to convert three of its crypto futures ETFs to a new strategy.
• The Bitwise crypto futures ETFs will follow a proprietary strategy that shifts between crypto and Treasuries.

Bitwise Asset Management today announced that it will change three Bitwise crypto futures ETFs from long-only strategies to dynamic rotation strategies, shifting between cryptocurrency and U.S. Treasuries.

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Bitwise Crypto Futures ETFs Set to Convert With Dynamic Strategy

The change, to take effect on December 3, 2024, would respond to market conditions through the use of the “Trendwise” proprietary strategy of Bitwise, which aims to limit downside volatility while pursuing long-term price appreciation.

The Bitwise crypto futures ETFs will rotate between cryptocurrencies and Treasuries based on market signals. Concretely, the strategy is watching the 10- and 20-day exponential moving averages of major crypto assets like Bitcoin and Ethereum. If the 10-day EMA crosses above the 20-day EMA, the funds go into cryptocurrencies. Conversely, when the 20-day EMA surpasses the 10-day, the funds move into U.S. Treasuries.

The strategic shift will apply to the Bitwise crypto futures ETFs, with no changes in expense ratios or tax treatments, nor does this development require current investors to take action of any kind.

Bitwise Expands Product Lineup with Spot XRP ETF Filing

Development caps a busy year for Bitwise. The company’s first spot offerings in Bitcoin and Ethereum were launched last year, while also expanding through the purchase of European crypto fund operator ETC Group.

More recently, Bitwise filed paperwork with the US Securities and Exchange Commission to introduce a spot XRP ETF. This is not a circumstantial development, but quite a serious one, as there has been an ongoing legal battle between the SEC and Ripple Labs about whether the XRP token should fall under the category of a security or not.

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