Bitwise Axes Trendwise Ethereum ETF Amid Product Consolidation

Bitwise Asset Management is cutting another strategy-based crypto ETF as part of its product consolidation efforts. The Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (AETH) will stop trading on October 2 and be liquidated on October 13.

The AETH fund uses market signals to rotate between Ethereum futures and U.S. Treasuries, rather than maintaining straightforward ETH exposure.

This is the latest in a series of funds removed by Bitwise this year, including the Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) and six option-income ETFs launched in August.

Despite the closures, Bitwise continues to expand elsewhere, with new products launching in areas such as staking and onchain investment. Its current lineup includes dedicated funds for assets like Bitcoin, Ethereum, Solana, and more.