Bitwise with $11B AUM to Liquidate BTC/ETH Rotation ETF May 21
Bitwise Asset Management, with $11 billion in client assets, will liquidate its Trendwise BTC/ETH and Treasuries Rotation Strategy ETF, ending creations and trading on May 21, 2026. Final NAV calculation occurs on May 28, with cash redemptions expected to be delivered by May 29, 2026.
1. Liquidation Details
Bitwise Asset Management announced it will close and liquidate the Trendwise BTC/ETH and Treasuries Rotation Strategy ETF, ending both creation unit purchases and trading on May 21, 2026. The ETF’s final net asset value will be calculated on May 28, 2026, ahead of the planned liquidation date.
2. Redemption Process
Shareholders who retain their ETF shares past the May 21, 2026 deadline will have their positions automatically redeemed for cash based on the May 28 NAV. Redemption proceeds are expected to be distributed through brokers or intermediaries on or around May 29, 2026.
3. Bitwise Profile
Bitwise Asset Management oversees $11 billion in client assets across more than 70 products, including ETFs, private funds, and hedge strategies. The firm serves over 5,000 wealth teams, family offices and institutions, and maintains offices in San Francisco, New York and London.