Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Price & Performance (BTOP)

Bitwise has filed for a spot ETF on Aptos, aiming to broaden its cryptocurrency investment options. This marks a significant step as the U.S. SEC has yet to approve similar altcoin ETFs. If approved, this could pave the way for further diversification in crypto investment products.12

The BTOP ETF, combining Bitcoin, Ethereum, and U.S. Treasuries, has seen a 0.95% drop, closing at $28.19. With over 58% of its holdings in Treasury bills, it highlights investor caution amidst fluctuating cryptocurrency prices. The fund's performance reflects broader market uncertainties.34

Institutional interest in crypto ETFs is rising, driven by their regulated nature and portfolio diversification benefits. Products like Bitcoin and Ethereum ETFs have seen increased inflows, signaling growing confidence. However, market volatility and regulatory concerns remain key challenges.56