- 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 demand for ETFs, institutional interest and cycle-driven releases.
Digital asset manager Bitwise has taken another step to broaden investor access to cryptocurrencies by filing applications with the U.S. Securities and Exchange Commission (SEC) for 11 new 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 combine direct exposure to a specific cryptocurrency with indirect exposure through other exchange-traded products and financial instruments.
Bitwise states that each ETF could allocate up to 60% of its assets directly to the underlying token, with the remainder invested in related exchange-traded products, derivatives, or other instruments intended to track the asset’s performance.
The filing also notes that the funds may use derivatives such as futures contracts and swap agreements, which could provide greater flexibility in managing exposure while operating within existing regulatory constraints.
11 crypto ETFs Bitwise is targeting
The proposed crypto ETFs span a wide range of blockchain ecosystems and decentralized finance (DeFi) projects.
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, the lineup would give U.S. investors regulated access to tokens tied to smart contract platforms, privacy-focused networks, and DeFi protocols—areas that have historically been harder to access through traditional investment vehicles.
Growing demand for crypto ETFs
Bitwise’s move comes amid rising demand for crypto-linked ETFs, following strong inflows into newly launched products such as XRP ETFs. These launches marked a turning point for the industry by enabling mainstream investors to gain exposure to digital assets through familiar market structures.
Against this backdrop, Bitwise has been actively introducing new products. The firm launched a spot Solana ETF in the U.S. in October, followed by ETFs linked to XRP and Dogecoin. It has also filed an S-1 registration statement for a spot Sui ETF and submitted an amended filing for a Hyperliquid ETF, signaling continued efforts to expand its crypto product lineup.
Bitwise’s bullish outlook despite market volatility
These filings arrive after a volatile period for digital assets, during which Bitcoin and the broader crypto market showed weakness toward the end of last year. Nevertheless, Bitwise’s leadership maintains a constructive long-term view.
Earlier this month, Matt Hougan, Bitwise’s Chief Investment Officer, said he expects Bitcoin to break its traditional four-year market cycle and reach new all-time highs in 2026. He cited factors such as a diminishing halving impact, expectations of lower interest rates, and fewer leverage-driven market collapses.
Hougan also indicated that institutional participation is likely to keep increasing, supported by clearer regulation and greater availability of regulated investment products like ETFs. He added that Bitcoin’s correlation with equities may decline over time as crypto-specific drivers—regulatory progress and institutional inflows—help support digital assets even when traditional markets are under pressure.