Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup
The asset manager said the launch of the spot crypto exchange-traded funds this year has made futures-based crypto products less compelling.
Bitwise is converting three of its futures-based exchange-traded products into a single fund.
The fund, called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, will rotate between 100% exposure to crypto futures contracts and...