Bitwise seeks SEC approval for 11 crypto ETFs covering Bittensor, Tron and DeFi tokens.
Bitwise offers a mix of direct and indirect exposure to 11 crypto strategy ETFs. The proposed ETFs target assets such as TAO, TRX, UNI, ZEC, Aave and other tokens. Bitwise remains bullish, citing ETF demand, institutions and easing cycles.
Crypto asset manager Bitwise has taken another step to expand investors' access to digital assets, filing for 11 new cryptocurrency exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC).
According to regulatory filings filed this week, the proposed products are structured as “crypto strategy” ETFs.
Unlike pure spot ETFs, each fund combines direct exposure to a particular cryptocurrency with indirect exposure through other exchange-traded products and financial instruments.
Bitwise says each ETF can allocate up to 60% of its assets directly to the underlying token, while the rest can be invested in related exchange-traded products, derivatives or other instruments designed to track the asset's performance.
The file also mentions that it may use derivatives such as futures contracts and swap agreements.
11 crypto ETFs targeted by Bitwise
The proposed crypto ETF covers a wide range of blockchain ecosystems and decentralized finance (DeFi) projects.
Assets named in the registry include Aave, Athena (ENA), HyperLiquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), Zcash (ZEC), and Canton (CC).
If approved, the lineup will give US investors exposure to AFF-based smart contract platforms, privacy-focused networks and DeFi protocols, areas that are difficult to access through traditionally regulated investment vehicles.
The growing demand for crypto ETFs
Bitwise's move comes following strong forays into XRP ETFs amid growing interest in crypto-linked ETFs.
Those products revolutionized the industry, opening the door for traditional investors to gain exposure to digital assets through market structures familiar to them.
Building on that momentum, Bitwise has been active in rolling out new offerings.
The company launched the Solana ETF space in the US in October, followed by ETFs linked to XRP and Dogecoin.
It also filed an S-1 registration statement for the Spot Sui ETF and filed an updated filing related to the Hyperliquid ETF, indicating continued efforts to expand its crypto product portfolio.
Despite market volatility, Bitwise's bullish outlook
The records come after a volatile period for digital assets, with BTC and the broader crypto market experiencing weakness late last year.
But despite this, Bitwise executives maintained a long-term view of the developer.
Earlier this month, Bitwise Chief Investment Officer Matt Hogan said he expects bitcoin to break out of its traditional four-year market cycle and reach a new all-time high in 2026, citing events such as the Bitcoin halving that have dampened the impact, expectations of low interest rates, and a less volatile market.
Hugan also pointed out that institutional participation will continue to grow, supported by transparent regulation and the availability of regulated investment products such as ETFs.
He added that Bitcoin's correlation with stocks may become weaker over time, helping to support digital assets even as traditional markets face pressure from crypto-specific drivers such as regulatory progress and institutional outflows.
