The new BITC ETF will use an “optimum roll” strategy to focus on long-term returns for investors.

Bitwise Asset Management, Creators of the Bitwise Crypto Industry Innovators ETF and Bitwise Web3 ETF, have introduced a new “Bitwise Bitcoin Strategy Optimum Roll ETF” under the ticker BITC.

According to the press release, the fund “was built to offer investors regulated, professionally managed exposure to bitcoin with a unique design that minimizes pricing inefficiencies that can emerge in bitcoin-linked ETFs focused on front-month or near-month futures contracts.” The ETF aims to address this by utilizing what it describes as an “optimum roll strategy that considers all available contracts and intelligently selects the contracts with the lowest level of contango (or the highest level of backwardation) in an effort to maximize long-term returns.”  Read more...