Overview
- Bitwise submitted N‑1A registration statements to the SEC for funds tied to AAVE, UNI, ZEC, CC, ENA, HYPE, NEAR, STRK, SUI, TAO, and TRX.
- Each proposed ETF may hold up to 60% of assets in the underlying token and allocate the remainder to related exchange‑traded products or derivatives.
- Under normal conditions the funds commit at least 80% of net assets to the applicable token, its ETPs, or token‑linked derivatives such as futures and swaps.
- Coinbase Custody Trust Company LLC is designated as custodian, and Bitwise intends to list the funds on NYSE Arca with tickers to be determined.
- Competition is intensifying, with Grayscale seeking to convert its Bittensor trust to an ETF, and reporting points to a tentative launch window around March 2026 pending SEC approval.