Digital Assets: Bitwise Launches A Bitcoin Futures ETF That Takes A Leaf Out Of Rollovers In The Energy Market

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The Bitwise ETF is “a professional, regulated solution for adding exposure to bitcoin returns while bypassing the risks of custodying bitcoin directly or investing through novel platforms.”

Bitwise Asset Management has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), which will provide investors with professionally managed exposure to Bitcoin through an “optimum roll” strategy.

The fund aims to minimize pricing inefficiencies that are suffered in bitcoin-linked ETFs focused on front-month or near-month futures contracts. Instead, the ETF’s model scans all available contracts and intelligently selects the contracts with the lowest level of contango or the maximum backwardation to optimize long-term returns. (Businesswire)

“Historically, optimum roll strategies in other asset classes, such as oil and natural gas futures, have outperformed strategies focused on front-month or near-month contracts over time,” said Bitwise CIO Matt Hougan. “We believe this same strategy can apply to the bitcoin futures market as it continues to deepen and evolve. With the Bitwise Bitcoin Strategy Optimum Roll ETF, we’re excited to cater to long-term-oriented investors looking for regulated vehicles to gain directional bitcoin exposure.”

The fund will be available in a format which should prove highly popular with financial professionals, as an SEC-regulated, “1940 Act” ETF, with tax reporting through Form 1099.

Bitwise, headquartered in San Francisco, is a rapidly expanding crypto asset management firm that provides a diverse range of investment options, including both index and active strategies, across multiple investment vehicles. The company is renowned for establishing the world’s largest crypto index fund (OTCQX: BITW) and offering a broad range of products, including Bitcoin, Ethereum, DeFi, NFTs, the Metaverse, and crypto-oriented equity indexes.

Related Story:  Samsung Asset Management To Launch Bitcoin Futures ETF In Hong Kong

Image by 21saturday from Pixabay

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