CoinJie News reports that Bitwise, a major crypto asset management firm, announced plans to close and liquidate two ETF products under its management: Bitwise Trendwise BTC/ETH and the Treasury Rotation Strategy ETF (BTOP), as well as the Bitwise Web3 ETF (BWEB). The last subscription and trading day for these two ETFs is set for May 21, 2026, and liquidation is expected to be completed by May 29. Shareholders who are unable to sell their shares before this date will receive an automatic cash redemption based on the fund’s net asset value (NAV). Bitwise said that as of April 1, 2026, its clients’ assets under management totaled $11 billion.

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