Welcome to our dedicated page for Bitwise Bitcoin Strategy Optimum Roll ETF news (Ticker: BITC), a resource for investors and traders seeking the latest updates and insights on Bitwise Bitcoin Strategy Optimum Roll ETF stock.
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Bitwise Asset Management has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (ticker: BITC), aimed at providing long-term investors with regulated exposure to bitcoin while mitigating roll costs associated with traditional front-month futures contracts. Utilizing an 'optimum roll' strategy, BITC intelligently selects contracts to achieve the lowest contango, thereby enhancing long-term returns. As an SEC-regulated ETF, it appeals to financial professionals, with 68% of advisors preferring ETFs for crypto investments. The fund's custodian is BNY Mellon, and it issues a Form 1099 for tax reporting, simplifying investor processes.
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