- 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 bullish, citing ETF demand, institutional interest, and easing-cycle prospects.
Crypto asset manager Bitwise has taken another step to expand investor access to digital assets by filing with the U.S. Securities and Exchange Commission (SEC) for 11 new cryptocurrency exchange-traded funds (ETFs).
According to the regulatory filing submitted this week, the proposed products are structured as “crypto strategy” ETFs.
Unlike pure spot ETFs, each fund would combine direct exposure to specific cryptocurrencies 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 tokens, with the remainder invested in related exchange-traded products, derivatives, or other instruments designed to track the assets’ performance.
The filing also notes 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.
11 crypto ETFs targeted by Bitwise
The proposed crypto ETFs span multiple blockchain ecosystems and decentralized finance (DeFi) projects.
Assets named 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 ETF-based exposure to tokens associated with smart contract platforms, privacy-focused networks, and DeFi protocols — areas that have traditionally been harder to access through regulated investment vehicles.
Rising demand for crypto ETFs
Bitwise’s move comes amid growing investor interest in crypto-related ETFs, following strong inflows into products like XRP ETFs.
Those products marked an inflection point for the industry by making it easier for traditional investors to gain exposure to digital assets through familiar market structures.
Building on that momentum, Bitwise has been active in launching new offerings. The company introduced a spot Solana ETF in the U.S. in October, and subsequently rolled out ETFs tied to XRP and Dogecoin.
Bitwise has also filed an S-1 registration statement for a spot Sui ETF and submitted an amended filing for a Hyperliquid ETF, signaling ongoing efforts to broaden its crypto product lineup.
Bitwise’s bullish outlook despite market volatility
The filing arrives after a volatile period for digital assets, during which Bitcoin and the broader crypto market weakened toward the end of last year.
Despite short-term turbulence, Bitwise executives continue to express a constructive long-term outlook.
Earlier this month, Bitwise Chief Investment Officer Matt Hougan said he expects Bitcoin to break its traditional four-year market cycle and reach new all-time highs in 2026, citing factors such as a reduced impact from Bitcoin’s halving events, expectations for lower interest rates, and fewer leverage-driven market collapses.
Hougan also suggested that institutional participation will continue to increase, supported by clearer regulation and the expanding availability of regulated investment products like ETFs.
He added that Bitcoin’s correlation with equities could decline over time, with crypto-specific drivers — including regulatory progress and continued institutional inflows — helping to support digital assets even if traditional markets experience pressure.