- Bitwise has filed for 11 crypto technique ETFs with a mixture of direct and oblique publicity.
- The proposed ETF covers belongings comparable to TAO, TRX, UNI, ZEC, Aave, and different tokens.
- Bitwise stays bullish resulting from ETF demand, establishments, and easing cycles.
Crypto asset administration firm Bitwise has taken one other step towards increasing traders’ entry to digital belongings, submitting with the U.S. Securities and Change Fee (SEC) for 11 new cryptocurrency exchange-traded funds (ETFs).
The proposed product is structured as a “cryptocurrency methods” ETF, in accordance with a regulatory submitting filed this week.
Not like pure spot ETFs, every fund combines direct publicity to a selected cryptocurrency with oblique publicity by way of different exchange-traded merchandise and monetary devices.
In response to Bitwise, every ETF will allocate as much as 60% of its belongings on to the underlying tokens, with the rest invested in related exchange-traded merchandise, derivatives, or different devices designed to trace the efficiency of the belongings.
The submitting additionally notes that the fund could use derivatives comparable to futures contracts and swap contracts, a construction that might permit for extra flexibility in managing publicity whereas working inside present regulatory constraints.
11 crypto ETFs focused by Bitwise
The proposed crypto ETF spans a variety of blockchain ecosystems and decentralized finance (DeFi) tasks.
Property listed within the submitting embody Aave, Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), Zcash (ZEC), and Canton (CC).
If permitted, the lineup will permit U.S. traders to achieve ETF-based publicity to tokens tied to sensible contract platforms, privacy-focused networks, and DeFi protocols, areas which have historically been tough to entry by way of regulated funding autos.
Rising demand for digital forex ETFs
Bitwise’s transfer comes amid rising demand for cryptocurrency-linked ETFs following robust inflows into the XRP ETF.
These merchandise marked a turning level within the business, opening the door for conventional traders to achieve publicity to digital belongings by way of acquainted market buildings.
Constructing on this momentum, Bitwise is actively engaged on rolling out new merchandise.
The corporate launched the spot Solana ETF within the US in October, adopted by ETFs linked to XRP and Dogecoin.
We have now additionally filed an S-1 registration assertion for the Spot Sui ETF and an amended assertion associated to the Hyperliquid ETF, demonstrating our continued efforts to broaden our crypto product suite.
Bullish outlook for Bitwise regardless of market volatility
The submitting comes after a unstable interval for digital belongings that noticed BTC and the broader crypto market stoop in direction of the top of final 12 months.
Nonetheless, regardless of this, Bitwise’s administration maintains a constructive long-term outlook.
Earlier this month, Bitwise Chief Funding Officer Matt Hogan mentioned he expects Bitcoin to interrupt out of the standard four-year market cycle and attain a brand new all-time excessive in 2026, citing elements such because the minimal impact of the Bitcoin halving occasion, expectations for decrease rates of interest, and fewer leverage-driven market collapses.
Hogan additionally steered that institutional participation will proceed to extend, supported by regulatory readability and the expanded availability of regulated funding merchandise comparable to ETFs.
He added that the correlation between Bitcoin and shares might decline over time, and that crypto-specific elements comparable to regulatory developments and institutional capital flows might assist assist digital belongings even when conventional markets face strain.