Crypto asset manager Bitwise has filed with the SEC to convert three existing futures-based ETFs into a new series of funds utilizing 'Trendwise strategies'.
The new fund series aims to rotate investments between cryptocurrencies and US Treasuries based on market conditions to optimize returns and mitigate risks.
The proposed funds will implement Bitwise's proprietary 'Trendwise' rotation strategy, minimizing downside volatility and protecting investors during downturns.
The conversion is expected to take effect by December 2024, with name and strategy changes for the ETFs.