Overview
- SEC filings received Dec. 30 detail single‑asset funds that can hold up to 60% of assets in the underlying token with the balance in ETPs or derivatives.
- The proposed lineup spans AAVE, UNI, ZEC, CC, ENA, HYPE, NEAR, STRK, SUI, TAO and TRX, covering DeFi, layer‑1 and AI‑related tokens.
- Bitwise named Coinbase Custody Trust Company LLC as custodian and said the ETFs would seek NYSE Arca listings if approved, with tickers to be determined.
- The registration states the funds may use futures and swaps referencing the target token or an ETP tied to it under an 80% normal‑conditions investment policy.
- The move extends Bitwise’s recent ETF push, including spot products for bitcoin, ether, solana and XRP, while industry rivals pursue similar altcoin offerings such as Grayscale’s Bittensor effort.