Bitwise is restructuring three of its futures-based ETF products into a single entity. The new fund, named Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, aims to swing between 100% allocation in crypto futures and full exposure to U.S. Treasuries. The transition is set for December 3.

The recent introduction of spot Bitcoin and Ethereum ETFs has reduced interest in older Bitwise products, leading the company to consolidate these offerings. According to Bitwise, the move allows better volatility management through strategic asset rotation.

"Bitwise is likely just catering to things they’re hearing from clients and potential clients," said James Seyffart, ETF analyst at Bloomberg Intelligence. "They have an actively managed division within Bitwise, so it makes sense to give it a try."

Bitwise joins others in the industry by tapping into the evolving dynamics of cryptocurrency investment, reflecting a broader trend as firms adapt to the market's changing conditions.