- Bitwise has filed for 11 crypto strategy ETFs that mix 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 interest and easing cycles.
Crypto asset manager Bitwise has taken another step to broaden investor access to digital assets by filing applications with the U.S. Securities and Exchange Commission (SEC) for 11 new crypto strategy exchange-traded funds (ETFs).
According to the recent 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 stated that each ETF could allocate up to 60% of its assets directly to the underlying token, with the remaining portion invested in exchange-traded products, derivatives, or other instruments designed to track the asset’s performance.
The filing also notes that the funds may use derivatives such as futures contracts and swap agreements, a structure that could allow greater flexibility in managing exposure while complying with current regulatory constraints.
The 11 crypto ETFs targeted by Bitwise
The proposed crypto ETFs span a wide 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 give U.S. investors access to ETFs tied to smart contract platforms, privacy-focused networks and DeFi protocols—areas that have traditionally been harder to reach through regulated investment vehicles.
Growing demand for crypto ETFs
Bitwise’s move comes amid rising demand for crypto-related ETFs, following significant inflows into recently launched products such as XRP ETFs.
Those products marked a turning point for the industry, opening the door for traditional investors to gain exposure to digital assets via familiar market structures.
Building on that momentum, Bitwise has continued to expand its 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 for a spot Sui ETF and submitted an amended filing related to a hyperliquid ETF, signaling continued efforts to broaden its crypto product lineup.
Bitwise’s bullish outlook despite market volatility
The filings arrive after a volatile period for digital assets, with Bitcoin and the broader crypto market showing weakness toward the end of last year.
Despite that volatility, Bitwise leaders have maintained a constructive long-term outlook.
Earlier this month, Matt Hougan, Bitwise’s Chief Investment Officer, said he expects Bitcoin to break from its traditional four-year cycle and reach new all-time highs in 2026, pointing to factors such as a reduced impact from Bitcoin halving events, expectations for lower interest rates and fewer leverage-driven market collapses.
Hougan also suggested institutional participation will continue to grow, supported by clearer regulation and an expanding range of regulated investment products like ETFs.
He added that Bitcoin’s correlation with equities could decline over time, with crypto-specific drivers—such as regulatory progress and institutional inflows—helping support digital assets even when traditional markets face pressure.