Bitwise Files With Us Sec For 11 Single‑token ‘strategy’ Crypto Etfs

Bitwise is seeking SEC approval for 11 single‑token “strategy” ETFs tied to major altcoins, expanding its product shelf deeper into the altcoin market.

Crypto fund manager Bitwise has filed with the United States Securities and Exchange Commission (SEC) to launch 11 single‑token “strategy” crypto exchange‑traded funds (ETFs), extending the company’s crypto ETF footprint deeper into the altcoin market.

The proposed funds would offer targeted exposure to assets including Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Bittensor (TAO), Sui (SUI) and Near (NEAR), among others, giving investors a regulated route into tokens that so far have mostly traded on crypto exchanges.

According to the filing, each product is designed as a “Strategy ETF” rather than a plain spot vehicle, following a rules‑based playbook for how it gets exposure to the underlying asset.

In broad terms, the funds would combine direct spot holdings in the relevant cryptocurrency with positions in exchange-traded products (ETPs) that also reference that asset, and may use derivatives to fine‑tune the exposure.

As per the filing, the fund will derive its exposure “by investing up to 60% of its assets directly” in the token and “at least 40% of its assets” in securities issued by one or more exchange-traded products that invest directly in or provide exposure to the token.

That makes these ETFs structurally different from Bitwise’s existing offerings, which are mostly diversified baskets of crypto equities (such as Coinbase), multi‑asset indexes or futures‑based strategies.

Related: Spot XRP ETFs maintain 29-day inflow streak despite turbulent December

Bitwise already runs a reasonably full US lineup. Its spot products include the Bitwise Bitcoin ETF, the Bitwise Ethereum ETF, the Bitwise Solana Staking ETF and the Bitwise XRP ETF, which hold their respective assets directly.

On the equity and index side, Bitwise offers the Bitwise Crypto Industry Innovators ETF, which holds listed crypto‑related companies, and the Bitwise 10 Crypto Index ETF, which tracks a screened basket of the largest digital assets. The company also operates futures‑based strategies built around CME futures.

Source: CoinTelegraph