Bitwise eyes AI and DeFi tokens with 11 new crypto strategy ETFs
CoinDesk
Bitwise filed for 11 new crypto strategy ETFs targeting tokens like AAVE, ZEC, and TAO.Summary
Crypto asset manager Bitwise has filed with the SEC for 11 new crypto "strategy" exchange-traded funds (ETFs). These funds plan to invest up to 60% of assets directly in underlying tokens, with the remainder in exchange-traded products and potentially derivatives. The targeted tokens include AAVE, UNI, ZEC, SUI, and TAO, reflecting growing interest in AI-related crypto assets like Bittensor (TAO). This move follows the success of spot ETFs for Bitcoin and Ether, as issuers expand their offerings beyond the two largest cryptocurrencies. The filing was submitted the same day Grayscale filed to convert its Bittensor trust into an ETP.
(Source：CoinDesk)