Key Highlights
- Bitwise has filed Form N-1A applications with the Securities and Exchange Commission (SEC) to launch 11 new crypto ETFs beyond Bitcoin and Ethereum.
- The proposed ETFs would track assets such as Aave, Uniswap, Tron, Bittensor, NEAR, Sui, Zcash, Ethena, Hyperliquid, Starknet, and Canton.
- Each fund would use a strategy model, investing up to 60% directly in the token and the rest in related products or derivatives.
Bitwise Asset Management has filed applications with the U.S. Securities and Exchange Commission (SEC) to launch 11 new cryptocurrency exchange-traded funds (ETFs), extending its efforts beyond Bitcoin and Ethereum-based products.
The filings, submitted using Form N-1A, outline the proposed ETFs linked to a range of digital assets, including Aave, Uniswap (UNI), Tron (TRX), Bittensor (TAO), NEAR, Sui, Zcash (ZEC), Ethena (ENA), Hyperliquid (HYPE), Starknet (STRK), and Canton (CC).
According to the filings, the funds would operate as “strategy” ETFs rather than pure spot products. Each fund could invest up to 60% of its assets directly in the underlying cryptocurrency, with the remainder allocated to exchange-traded products (ETPs) or derivatives such as futures and swap agreements tied to the same asset.
The documents state that derivatives may also be used to manage exposure and track price movements. Any of the ETFs would require SEC approval before they could be offered to investors, and there is no set timeline for a regulatory decision.
These filings come after the U.S. approved spot Bitcoin and Ethereum ETFs. The SEC had earlier raised issues on how such products would be regulated, how they would be held, and whether some of these cryptocurrencies were securities.
BITW’s NYSE Arca listing
Earlier in December, Bitwise’s 10 Crypto Index ETP (BITW) began trading on NYSE Arca following SEC approval in late November.
The product tracks a market-capitalization-weighted index of the 10 largest cryptocurrencies, including Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot.
BITW previously existed outside of major U.S. exchange trading before moving to NYSE Arca. The product holds about $1.25 billion in assets under management (AUM) and is not registered under the Investment Company Act of 1940. This means it does not provide the same regulatory protections as mutual funds or traditional ETFs.
The launch reflects the development of crypto-related products, even as regulatory oversight remains a key focus.
Bitwise opposes the MSCI Index change
Separately, Bitwise has opposed a proposal by index provider MSCI to remove Strategy, a company known for holding large amounts of Bitcoin on its balance sheet, from its Global Investable Market Index.
In a public statement issued on December 12, Bitwise said the proposed rule change was “fundamentally flawed” and argued that market indexes should reflect market composition rather than assess business models.
Bitwise stated that excluding companies with digital asset treasury strategies could reduce investor exposure to parts of the digital asset sector through index-based investment products. MSCI has said it plans to make a final decision on the proposal in January 2026.
The outcome could influence how companies with significant cryptocurrency holdings are treated in widely followed equity indexes.
Also Read: Iranian Currency Collapse Shows Need for Bitcoin: Bitwise CEO
