Bitwise Files With US SEC to Launch 11 Single-Token “Strategy” Crypto ETFs

Bitwise Pushes Deeper Into Altcoins With New ETF Filings

Crypto asset manager Bitwise has filed with the United States Securities and Exchange Commission (SEC) seeking approval to launch 11 single-token “strategy” exchange-traded funds (ETFs), marking a significant expansion of its crypto ETF lineup into the altcoin market.

If approved, the proposed funds would provide targeted exposure to a range of major cryptocurrencies that have so far been largely accessible only through crypto exchanges.

Which Tokens Are Included in the Proposed ETFs

According to the filing, the 11 strategy ETFs would be tied to individual digital assets across decentralized finance, artificial intelligence, and layer-1 ecosystems. Tokens named in the application include:

• Aave (AAVE)

• Uniswap (UNI)

• Zcash (ZEC)

• Bittensor (TAO)

• Sui (SUI)

• Near Protocol (NEAR)

The lineup reflects Bitwise’s intent to broaden investor exposure beyond large-cap assets like Bitcoin and Ethereum and into higher-beta segments of the crypto market.

How Bitwise’s “Strategy” ETFs Are Structured

Unlike traditional spot ETFs, each proposed product is structured as a “Strategy ETF.” This means exposure to the underlying token would follow a predefined, rules-based framework rather than relying solely on direct spot holdings.

Under the structure outlined in the SEC filing, each fund would:

• Invest up to 60% of assets directly in the cryptocurrency, and

• Allocate at least 40% of assets to exchange-traded products (ETPs) that provide exposure to the same token

• Potentially use derivatives to fine-tune exposure and manage positioning

This hybrid design distinguishes the new products from plain-vanilla spot ETFs and gives Bitwise more flexibility in how exposure is implemented.

The full filing is available via the SEC’s EDGAR system

How These Funds Differ From Bitwise’s Existing Offerings

Bitwise already operates one of the most extensive crypto ETF platforms in the United States.

Its current spot products include:

• Bitwise Bitcoin ETF

• Bitwise Ethereum ETF

• Bitwise Solana Staking ETF

• Bitwise XRP ETF

The firm also offers equity-based and index products, such as the Bitwise Crypto Industry Innovators ETF, which holds crypto-related public companies, and the Bitwise 10 Crypto Index ETF, which tracks a diversified basket of large digital assets. In addition, Bitwise runs futures-based strategies tied to CME crypto futures.

The proposed single-token strategy ETFs would complement this lineup but target a different risk profile. Rather than diversified exposure, each fund would concentrate on a single altcoin, applying the same strategy framework across a family of assets.

Crypto ETF Filings Accelerate Across the Industry

Bitwise’s move comes amid a broader surge in crypto ETF and ETP activity. Earlier this week, Grayscale filed to convert its Bittensor trust into a spot ETF listed on NYSE Arca.

Other issuers, including VanEck and 21Shares, have also launched or sought approval for spot and thematic products tied to altcoins such as Solana (SOL), XRP, Dogecoin (DOGE), and Avalanche (AVAX).

While many competitors are pursuing one-off altcoin products or narrowly themed vehicles, Bitwise’s approach stands out for its scale: an 11-fund suite built around a consistent strategy model designed to expand regulated access to altcoins for US investors.

Why This Matters for the Crypto ETF Market

If approved, Bitwise’s filings could significantly broaden the range of cryptocurrencies accessible through US-listed ETFs, accelerating the shift of altcoin exposure from offshore exchanges into regulated investment vehicles.

The move also signals growing confidence among asset managers that demand for altcoin exposure is strong enough — and mature enough — to support a wider range of ETF structures beyond Bitcoin and Ethereum.

See all our insights: Bitcoin World News