Bitwise Seeks SEC Approval for 11 New Altcoin Strategy ETFs

The products would provide regulated exposure to assets including Aave, Uniswap, Zcash, TAO, SUI and NEAR.

Altcoin News

Crypto fund manager Bitwise has filed with the U.S. Securities and Exchange Commission to launch 11 single-token strategy exchange-traded funds targeting major altcoins. The products would provide regulated exposure to assets including Aave, Uniswap, Zcash, TAO, SUI and NEAR.

Each fund is structured as a strategy ETF rather than a plain spot vehicle, following a rules-based framework for obtaining exposure to the underlying asset. The filing shows funds will invest up to 60% of assets directly in the token and at least 40% in securities issued by exchange-traded products that provide exposure to the same asset.

The structure may incorporate derivatives to adjust exposure levels. This design differs from Bitwise’s existing offerings, which primarily consist of diversified baskets of crypto equities like Coinbase, multi-asset indexes, and futures-based strategies.
Bitwise currently operates spot products including the Bitwise Bitcoin ETF, Bitwise Ethereum ETF, Bitwise Solana Staking ETF and Bitwise XRP ETF. The company also runs the Bitwise Crypto Industry Innovators ETF, which holds listed crypto-related companies, and the Bitwise 10 Crypto Index ETF tracking a basket of the largest digital assets.
The new single-token strategy funds would concentrate on individual coins rather than diversified holdings. The same rules-based framework applies across a family of altcoins spanning decentralized finance, artificial intelligence, and layer-1 ecosystems.

Bitwise’s application represents a more ambitious scope than one-off filings from competitors. The 11-fund suite built around a common strategy template would give U.S. investors regulated access to altcoins that have primarily traded on crypto exchanges.

The filing arrives amid broader ETF and ETP activity. Grayscale applied Tuesday to convert its Bittensor trust into a spot ETF on NYSE Arca, while issuers like VanEck and 21Shares have rolled out or sought approval for spot products tied to Solana, XRP, Dogecoin and Avalanche.


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