- Bitwise has filed for 11 crypto strategy ETFs combining direct and indirect exposure.
- The proposed ETFs target assets such as TAO, TRX, UNI, ZEC, Aave and other tokens.
- Bitwise remains optimistic, citing ETF demand, institutional participation and easing cycles.
Crypto asset manager Bitwise has taken another step to broaden investor access to digital assets by filing with the U.S. Securities and Exchange Commission (SEC) to launch 11 new cryptocurrency exchange-traded funds (ETFs).
According to regulatory filings submitted this week, the proposed products are structured as “crypto strategy” ETFs.
Unlike pure spot ETFs, each fund would blend direct exposure to a specific cryptocurrency with indirect exposure via other exchange-traded products and financial instruments.
Bitwise noted that each ETF could allocate up to 60% of its assets directly to the underlying token, with the remainder invested in exchange-traded products, derivatives or other instruments designed to track the asset’s performance.
The filing also states that the funds may use derivatives such as futures contracts and swap agreements, a structure intended to provide greater flexibility in managing exposure while operating within current regulatory constraints.
The 11 crypto ETFs Bitwise is targeting
The proposed crypto ETFs span a range of blockchain ecosystems and decentralized finance (DeFi) projects.
The assets listed in the filing include Aave, Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), Zcash (ZEC) and Canton (CC).
If approved, this lineup would offer U.S. investors ETF-based exposure to tokens tied to smart-contract platforms, privacy-focused networks and DeFi protocols—areas that have historically been harder to access through regulated investment vehicles.
Rising demand for crypto ETFs
Bitwise’s move comes amid growing investor appetite for crypto-related ETFs, driven in part by strong inflows into products tied to tokens such as XRP.
These ETFs have represented a turning point for the industry, opening the door for traditional investors to gain regulated market exposure to digital assets through familiar structures.
Building on that momentum, Bitwise has been active in rolling out new offerings.
The firm launched a spot Solana ETF in the U.S. in October, followed by ETFs linked to XRP and Dogecoin.
It also filed an S-1 registration statement for a spot Sui ETF and submitted an amended filing relating to a Hyperliquid ETF, signaling continued efforts to expand its crypto product lineup.
Bitwise’s optimistic outlook despite market volatility
The filings come after a volatile period for digital assets, with Bitcoin and the broader crypto market showing weakness toward the end of last year.
Nevertheless, Bitwise executives have maintained a constructive long-term outlook.
Earlier this month, Bitwise Chief Investment Officer Matt Hougan said he expects Bitcoin to break from its traditional four-year cycle and reach new all-time highs in 2026, citing factors such as the diminished impact of recent bitcoin halvings, an anticipated easing of interest rates and fewer leverage-driven market collapses.
Hougan also suggested that institutional participation will continue to grow, supported by clearer regulation and wider availability of regulated investment products like ETFs.
He added that Bitcoin’s correlation with equities could decline over time, with crypto-specific drivers—regulatory progress and institutional inflows—helping support digital assets even when traditional markets face pressure.