Bitwise Files for 11 Crypto Strategy ETFs Tracking Multiple Tokens
On December 31, 2025, Bitwise filed with the SEC to launch 11 new crypto strategy ETFs that will track tokens including AAVE, UNI, ZEC, SUI, and TAO. Each ETF is designed to invest up to 60% directly in the underlying token, with the remaining allocation in exchange-traded products and potentially derivatives like futures and swaps. This filing comes as Grayscale moves to convert its TAO-based trust—centered on the bittensor token TAO—into an exchange-traded product. Barry Silbert, Grayscale's chair, remarked on the swift evolution of decentralized AI, which TAO supports by rewarding contributors in machine learning development. Bitwise, which has already launched spot ETFs for bitcoin, ether, Solana, and XRP, is signaling expansion beyond core assets by also filing for ETFs tracking assets like SUI and Hyperliquid. Other tokens named in the new filing include HYPE, NEAR, TRX, Athena (ENA), STRK, and Canton Coin (CC). This move illustrates a trend among issuers moving into crypto strategy ETFs as a fresh investment theme that goes beyond basic crypto holdings.
