With
the
new
fund,
the
asset
manager
can
better
manage
the
volatility
of
the
crypto
market
by
rotating
between
100%
exposure
to
crypto
futures
contracts
and
100%
exposure
to
U.S.
Treasuries
based
on
market
trends.
“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.
We
know
there
are
investors
looking
to
invest
in
bitcoin
but
who
want
to
limit
the
volatility
and
particularly
the
downside
volatility/drawdowns.
I
think
that’s
what
this
will
aim
to
do.
Whether
or
not
it
will
be
successful
is
something
we
will
learn
in
the
coming
years,
but
timing
the
market
is
extremely
hard.”