Bitwise will close and liquidate two cryptocurrency ETFs

According to PRNewswire, Bitwise announced the closure and liquidation of two encrypted ETFs: Bitwise Trendwise BTC/ETH and Treasury Rotation Strategy ETF (BTOP) and Bitwise Web3 ETF (BWEB). Investors who have not actively sold their fund shares after May 21, 2026, will have their holdings automatically redeemed in cash based on the net asset value (NAV) of their respective ETFs. The funds are expected to be distributed through securities firms or financial intermediaries around May 29, 2026.