BITC – Bitwise Trendwise Bitcoin&TreasRotaStrat – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with capital appreciation. The fund seeks to achieve its investment objective through managed exposure to bitcoin futures contracts (“bitcoin futures contracts”) and investments in U.S. Treasury securities. Under normal market conditions, it will invest at least 80% of its assets in Bitcoin Futures Contracts and U.S. Treasury securities. For purposes of compliance with this investment policy, derivative contracts (such as Bitcoin Futures Contracts) will be valued at their notional value. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BITC	Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF	ETF	Open	—	—	Mar 20, 2023	$14.54M	0.880%	—	—	−$2.48M

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