Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) - Strategy Crypto ETF

Actively managed ETF rotating between Bitcoin, Ethereum, and U.S. Treasuries based on trend-following signals. Risk-managed approach to major cryptos as of December 21, 2025.

Key Facts (December 2025)

IssuerBitwise Asset Management
TickerBTOP (NYSE Arca)
StrategyTrend-Following Rotation: BTC/ETH vs Treasuries
Approx. AUM$6 Million
Expense Ratio~0.85-1.00% (estimated)
Inception Date2024/2025
UnderlyingBTC/ETH futures + Treasury ETFs
Official SiteBitwise BTOP Page

Strategy Overview

BTOP uses quantitative trend signals to dynamically allocate among:

Goal: Capture upside from BTC and ETH while shifting to safety during bearish signals.

Recent Performance & Flows

Data approximate; sources include Bitwise reports and market trackers (as of December 21, 2025).

Pros

  • • Built-in risk management with Treasury rotation
  • • Exposure to both Bitcoin and Ethereum with downside protection
  • • Trend-following signals from experienced crypto manager Bitwise
  • • Suitable for moderate-risk investors in volatile crypto markets

Cons

  • • May lag pure BTC/ETH performance in strong bull runs
  • • Higher fees than basic spot ETFs
  • • Small AUM and low liquidity
  • • Futures roll costs and potential tracking lag

How to Buy BTOP

Available on major brokers including Fidelity, Vanguard, Charles Schwab, Robinhood, and Interactive Brokers. Search ticker "BTOP". Ideal for investors seeking major crypto exposure with active risk mitigation.

← Back to Other Crypto ETFs Directory | Compare with AETH (ETH + Treasuries) →

Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Strategy funds may underperform in trending markets. Data approximate as of December 21, 2025; always verify with official sources.