Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) Stock News

Bitwise Asset Management has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (ticker: BITC), aimed at providing long-term investors with regulated exposure to bitcoin while mitigating roll costs associated with traditional front-month futures contracts. Utilizing an 'optimum roll' strategy, BITC intelligently selects contracts to achieve the lowest contango, thereby enhancing long-term returns. As an SEC-regulated ETF, it appeals to financial professionals, with 68% of advisors preferring ETFs for crypto investments. The fund's custodian is BNY Mellon, and it issues a Form 1099 for tax reporting, simplifying investor processes.