Bitwise Asset Management, a leading provider of crypto-focused investment solutions, has announced the launch of the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), a new type of bitcoin-linked ETF designed for long-term investors seeking to upgrade their bitcoin exposure.
What makes BITC distinct from other bitcoin-linked ETFs is its strategy for minimizing inefficiencies. Many ETFs that use front- or near-month strategies can generate month-to-month “roll” costs that detract from long-term performance.
BITC addresses this risk by investing in regulated CME bitcoin futures across the entire futures curve using an optimum roll strategy. This approach considers all available contracts and intelligently selects those with the lowest level of contango (or highest level of backwardation) to maximize long-term returns.
According to Bitwise, decades of research on commodities pricing have demonstrated that optimum roll strategies have historically outperformed their front- and near-month counterparts. By employing this strategy, BITC aims to offer long-term investors a way to gain professionally managed bitcoin exposure while bypassing the complexities and risks of holding bitcoin directly.
The past year has highlighted the importance of evaluating not only which crypto you own, but how you own it. Bitcoin has become increasingly popular among investors seeking to add diversification and potential upside to their portfolios. With BITC, investors, institutions, and advisors now have a new opportunity to gain exposure to bitcoin through a long-term-oriented strategy.
Since its founding in 2017, Bitwise has been focused on helping professional investors understand and access the opportunities in crypto. BITC is the latest addition to a suite of over 20 investment solutions across a wide range of vehicles, including ETFs, publicly traded trusts, SMAs, private funds, and active strategies.
BITC is a new way for long-term investors to confidently access bitcoin exposure.
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