Bitwise files for 11 new crypto ETFs tracking Bittensor, Tron and others
Bitwise filed applications for 11 new strategy ETFs tracking various cryptocurrencies including Bittensor and Tron.Summary
Crypto asset manager Bitwise has submitted applications to the U.S. Securities and Exchange Commission (SEC) for 11 new cryptocurrency exchange-traded funds (ETFs). These are structured as "strategy" ETFs, meaning they will invest up to 60% of assets directly in the underlying token, with the remainder invested in exchange-traded products offering exposure, and potentially using derivatives like futures contracts and swaps. The proposed funds aim to track Aave, Canton (CC), Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), and Zcash (ZEC). This move follows Bitwise's recent success with spot Bitcoin and Ethereum ETFs, and its earlier launches of spot Solana, XRP, and Dogecoin ETFs. Separately, Bitwise has also filed for a spot Sui ETF and amended its filing for a Hyperliquid ETF. Despite recent market downturns, Bitwise remains bullish, with its CIO predicting Bitcoin could reach new all-time highs in 2026, citing diminishing halving impacts, expected lower interest rates, and accelerating institutional adoption.
(Source：The Block)