Bitwise Asset Management Files for 11 Crypto Strategy ETFs Tracking Diverse Tokens
Bitwise Asset Management filed with the SEC to launch 11 crypto strategy ETFs that track a basket of tokens including AAVE, UNI, ZEC, TAO, SUI, NEAR, TRX, HYPE, ENA, STRK, and Canton Coin (CC). Each ETF intends to invest up to 60% of its assets directly in the underlying token, while the remaining up to 40% could be allocated to exchange-traded products and derivatives such as futures and swaps. This filing was made on an SEC N-1A form.
The move aligns with Grayscale’s recent filing to convert its bittensor trust into an exchange-traded product, highlighting growing interest in decentralized AI assets, with TAO tokens rewarding contributors of models and computing power on the open network. Grayscale chairman Barry Silbert noted that the rapid evolution of decentralized AI establishes it as an investable theme in U.S. crypto markets.
Bitwise has previously launched spot ETFs linked to Bitcoin, Ether, Solana, and XRP, and has submitted applications for additional ETFs tied to assets such as SUI and Hyperliquid. The latest filing also includes tokens like HYPE, NEAR, TRX, athena (ENA), STRK, and Canton Coin (CC).
