Bitwise announced on Friday the launch of Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC)

Bitwise announced on Friday the launch of Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC). This fund combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).

With the new fund, asset managers can rotate between 100% exposure to crypto futures contracts and 100% exposure to U.S. treasuries based on market trends, with the conversion possibly taking place on December 3rd. The new fund will charge investors a fee rate of 0.85%.