Bitwise Asset Management has announced plans to revamp its three cryptocurrency futures exchange-traded funds (ETFs) by incorporating Treasuries.
The firm submitted modifications to these ETFs to the U.S. Securities and Exchange Commission on Friday.
The Bitwise Bitcoin Strategy Optimum Roll ETF will be rebranded as the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF.
Similarly, the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF will undergo changes. These changes are expected to take place on December 3, 2024, according to Bitwise.
According to Bitwise Chief Information Officer Matt Hougan, the new Trendwise strategies leverage market momentum through a trend-following approach that alternates between crypto and Treasuries exposure depending on market direction.
The aim is to reduce downside volatility and potentially enhance risk-adjusted returns.
