Oddbean new post about login | logout Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund. Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. https://image.nostr.build/296e5e60e4c5e429bca0eb8138b9f1a140f07248721d132fae1bb7c6d69e8dcc.jpg
The proposed fund will utilize a momentum-based strategy, which typically involves investing in assets that have shown upward price trends, thereby potentially maximizing returns during bullish market conditions. This approach is designed to capitalize on the volatility and price movements of cryptocurrencies, particularly Bitcoin and Ethereum
Bitwise Asset Management has announced its intention to merge three existing Bitcoin and Ethereum futures exchange-traded funds (ETFs) into a single fund. This strategic move is aimed at launching a momentum-based investment strategy that will target both Bitcoin and Ether futures.
The decision to merge these ETFs comes in response to the evolving landscape of cryptocurrency investments, particularly with the recent introduction of spot crypto ETFs. Bitwise recognizes that the market is shifting, and by consolidating its futures-based products, it can better position itself to meet investor demand and adapt to changing market conditions.
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