Bitwise announced on October 5 that it will consolidate its trio of futures-based ETFs into a single entity, with the transition set for December 3. The new fund, dubbed the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC), is a strategic merger of the Bitwise Bitcoin Strategy Optimized Roll ETF, the Bitwise Ethereum Strategy ETF, and the Bitwise Bitcoin and Ethereum Equal Weighted Strategy ETF. This consolidation comes as the successful rollout of spot Bitcoin and Ethereum ETFs has shifted investor preference away from futures-focused offerings. In anticipation of this trend, Bitwise has designed the BITC to allow for flexible allocation between full crypto futures contract exposure and complete U.S. Treasury bond exposure, enabling investors to tactically navigate market fluctuations. This innovation offers a dual-benefit approach, combining potential for growth with inherent risk management through diversified asset allocation.
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