Bitwise Crypto ETFs Take a Bold Altcoin Turn
Crypto asset manager Bitwise is accelerating its push into regulated digital asset investing, filing with the US SEC to launch 11 single-token “strategy” crypto ETFs.
If approved, the new lineup would significantly expand the reach of Bitwise crypto ETFs, offering focused exposure to individual altcoins — a sharp shift from the firm’s traditionally diversified and index-based products.
The proposed funds target a wide mix of blockchain sectors, including decentralized finance (DeFi), artificial intelligence, privacy technology, and layer-1 blockchain networks. Assets named in the filings include Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Bittensor (TAO), Sui (SUI), and Near (NEAR), among others.
For investors, the message is clear: regulated access to altcoins is no longer limited to broad baskets or futures-based exposure.
How Bitwise’s Single-Token Crypto ETFs Work
A Strategy-Driven ETF Model
Unlike traditional spot ETFs, each of the proposed Bitwise crypto ETFs is structured as a “Strategy ETF.” That means exposure to the underlying token follows a rules-based framework rather than simply holding the asset outright.
According to the SEC filings, each fund would:
- Invest up to 60% of assets directly in the cryptocurrency
- Allocate at least 40% to exchange-traded products (ETPs) that track or reference the same token
- Use derivatives selectively to fine-tune exposure
This hybrid approach allows Bitwise to balance direct crypto ownership with regulated securities, potentially smoothing liquidity and operational risks while remaining within existing ETF structures.
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Why These ETFs Are Different From Bitwise’s Existing Products
From Baskets to Precision Bets
Most existing Bitwise crypto ETFs focus on diversification — whether through multi-asset indexes, crypto-equity portfolios, or futures-based strategies.
By contrast, the new filings introduce single-asset concentration risk, offering investors targeted exposure to one blockchain ecosystem at a time. Each ETF follows the same structural blueprint but applies it to a different token, creating a family of products built for precision rather than diversification.
This design caters to investors with strong convictions about specific sectors like DeFi, AI-driven blockchains, or next-generation layer-1s, while still using traditional brokerage accounts.
Where the New Funds Fit in Bitwise’s ETF Lineup
Expanding an Already Crowded Shelf
Bitwise already operates one of the most extensive crypto ETF lineups in the US market. Its offerings include:
- Spot ETFs for Bitcoin, Ethereum, Solana (staking), and XRP
- The Bitwise Crypto Industry Innovators ETF, focused on listed crypto companies
- The Bitwise 10 Crypto Index ETF, tracking large-cap digital assets
- Multiple CME futures-based strategies
The proposed single-token strategy funds would sit alongside these products, adding a new layer of granularity to the Bitwise crypto ETFs ecosystem.
Part of a Bigger Crypto ETF Surge
Altcoins Move Closer to Wall Street
Bitwise’s filings arrive amid a broader surge in crypto ETF and ETP activity. Asset managers including Grayscale, VanEck, and 21Shares are increasingly targeting altcoins such as Solana, XRP, Dogecoin, and Avalanche.
Earlier this week, Grayscale applied to convert its Bittensor Trust into a spot ETF — a sign that once-niche tokens are rapidly moving toward mainstream financial products.
What sets Bitwise apart is scale and coordination. Rather than filing for one or two experimental products, the firm is proposing an 11-fund suite built around a unified strategy, signaling strong institutional confidence in long-term altcoin ETF demand.
Why Bitwise Crypto ETFs Matter
The latest filings underscore a turning point for US crypto markets. As regulatory doors slowly open, Bitwise crypto ETFs are positioning altcoins not as speculative fringe assets, but as investable components of the modern financial system.
If approved, these funds could reshape how US investors access altcoins — not through offshore exchanges or complex self-custody, but via familiar, regulated ETF structures.
In short, Bitwise isn’t just expanding its product list. It’s testing how far the ETF model can stretch into the heart of the altcoin economy — and how ready Wall Street truly is to follow.
