Key stats
About Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF
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Inception date
Sep 29, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bitwise Investment Manager LLC
Distributor
Foreside Fund Services LLC
AETH provides an actively managed exposure to standardized ether (ETH) futures contracts and US Treasurys. It uses a long-flat trend-following investment strategy where the funds exposure is rotated between 100% ether futures contracts and 100% US Treasurys. This is based on a proprietary signal dependent on ethers 10-day and 20-day exponential moving average price. During upward trends, the fund will invest 100% in cash-settled CME ether futures contracts. The contracts are rolled monthly as they near expiration which may also lead to a higher-than-normal portfolio turnover. This is through a wholly owned subsidiary organized under the laws of the Cayman Islands and is capped at 25% at each quarter end. During downward trends, it will move 100% of its position to US Treasurys. The remaining assets (up to 75%) are invested in short-term debt securities to provide liquidity and serve as collateral. Prior to December 3, 2024, the fund was named Bitwise Ethereum Strategy ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government51.06%
Mutual fund48.72%
Cash0.22%
Top 10 holdings
Dividends
Dividend payout history