Bitwise Asset Management plans to restructure three cryptocurrency futures exchange-traded funds with government bonds in the mix in an effort to reduce volatility.
The company filed changes to the ETF with the U.S. Securities and Exchange Commission on Friday. Bitwise Bitcoin BTC
+2.65%
“The new Trendwise strategy leverages this momentum through a trend-following strategy that rotates between cryptocurrency and government bond exposure depending on market direction,” said Matt Hougan, Bitwise Chief Information Officer. name. “The goal is to minimize downside volatility and potentially improve risk-adjusted returns.”
Bitwise launched a spot Bitcoin ETF last January and later launched a spot Ethereum ETF with SEC approval. Earlier this week, Bitwise contaminated Once approved, a registration statement for the first spot XRP ETF has been filed with the SEC. The approval was granted by the SEC The agency is embroiled in a legal battle with Ripple after accusing the company of raising $1.3 billion through the sale of XRP, which is considered an unregistered security.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Previously, Sarah was a reporter covering securities regulation at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.