Bitwise will shut down and liquidate the BTOP and BWEB crypto ETFs
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Jinse Finance reported that crypto asset management company Bitwise announced it will close and liquidate two of its crypto ETFs: Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) and Bitwise Web3 ETF (BWEB). The specific reasons for the closures have not yet been disclosed. Bitwise reminded investors that any holdings for which fund shares are not actively sold after May 21, 2026, will be automatically redeemed for cash at each ETF’s net asset value (NAV), with the relevant funds expected to be distributed via brokers or other financial intermediaries around May 29, 2026.
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