Bitwise announced it will close and liquidate two cryptocurrency ETFs, BTOP and BWEB.

CoinFeed reported on May 1st that, according to PRNewswire, crypto asset management company Bitwise announced the closure and liquidation of two of its crypto ETFs: the Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) and the Bitwise Web3 ETF (BWEB). The specific reasons for the closure have not yet been disclosed. Bitwise reminds investors that their holdings that have not been actively sold after May 21, 2026, will be automatically redeemed in cash at their respective ETFs' net asset value (NAV). The funds are expected to be distributed through brokers or other financial intermediaries around May 29, 2026.