Bitwise is merging three of its futures-based exchange-traded products into a single fund called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF. The new fund will alternate between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries based on market trends. With the launch of spot bitcoin and ethereum ETFs, futures-based crypto funds have become less appealing to investors, prompting Bitwise to offer a fund that better manages the volatility of the crypto market. The conversion will likely occur on December 3rd, and the new fund will have an expense ratio of 0.85%.



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