Bitwise Asset Management’s Strategic Move
In a strategic move to enhance access to the cryptocurrency market, Bitwise Asset Management has submitted registration forms to the U.S. Securities and Exchange Commission (SEC) for a total of 11 new exchange-traded funds (ETFs) focused on various altcoins. If the SEC grants approval, these funds will be available for trading on NYSE Arca, thereby broadening regulated investment options for major digital assets.
Proposed ETFs and Their Focus
The proposed ETFs will concentrate on individual cryptocurrencies including:
- Aave (AAVE)
- Zcash (ZEC)
- Sui (SUI)
- Uniswap (UNI)
- Starknet (STRK)
- Near (NEAR)
- Bitensor (TAO)
- Hyperliquid (HYPE)
- Ethena (ENA)
- Canton (CC)
- Tron (TRX)
Each fund aims to allocate a significant portion of its investments directly into the corresponding tokens while also utilizing related exchange-traded products and derivatives to ensure regulated exposure to the markets.
Broader Vision and Market Timing
This initiative is seen as part of Bitwise’s larger vision to expand both institutional and retail investment opportunities in digital assets well beyond just Bitcoin and Ethereum, which dominate the current landscape of U.S. spot ETF offerings. The timing of these filings is particularly notable, coming at a moment when Bitwise’s leadership anticipates a surge in new cryptocurrency ETF introductions by the year 2026.
According to Bitwise’s Chief Investment Officer Matt Hougan, an influx of more than 100 cryptocurrency ETFs and related products is expected to emerge in the United States next year, fueled by a more favorable regulatory environment and the increasing popularity of index-based investment solutions.
Significance of the Development
This development marks a significant milestone as it indicates a growing acceptance and integration of cryptocurrency into traditional financial frameworks.
