Bitwise

On March 21st, Bitwise announced the launch of Bitwise Bitcoin Strategy Optimal Roll ETF (code: BITC). BITC is a new type of Bitcoin linked ETF designed for long-term investors seeking to increase their Bitcoin exposure. The fund does not invest directly in Bitcoin. The Fund provides targeted exposure to Bitcoin through regulated futures contracts, and seeks to maximize potential rollover returns through selective analysis of Bitcoin futures other than monthly or near monthly contracts. Interpretation of this information: Bitwise has recently revealed the launch of a new type of Bitcoin…