Bitwise plans ETF merger, aims to launch momentum-based Bitcoin and Ether fund

According to the SEC filing, Bitwise plans to combine its Bitcoin Optimum Roll Strategy ETF, Ethereum Strategy ETF, and Bitcoin and Ether Equal Weight Strategy ETF into a single entity, called the Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF.

This momentum-based ETF will shift its exposure between Bitcoin and Ethereum futures, aiming to optimize returns during favorable market conditions by following trends in price movements.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts