Bitwise Asset Management has filed applications with the US Securities and Exchange Commission to launch 11 new cryptocurrency ETFs.
The filings submitted use Form N-1A and outline funds tied to assets such as Aave, Uniswap, Tron, Bittensor, NEAR, Sui, Zcash, Ethena, Hyperliquid, Starknet, and Canton. Each proposed ETF is structured as a “strategy” fund rather than a pure spot product.
The documents show that each fund may invest up to 60% of its assets directly in the underlying cryptocurrency. The remaining portion may be allocated to exchange-traded products or derivatives linked to the same asset.
Bitwise noted that derivatives may be used to manage exposure and track price movements. These include futures and swap agreements tied to the supported cryptocurrencies.
All proposed ETFs require SEC approval before they can be offered to investors. The filings do not include a timeline for a regulatory decision.
The new submissions follow recent approvals of spot Bitcoin and Ethereum ETFs in the US. The SEC had earlier raised concerns about custody, oversight, and whether some digital assets should be classified as securities.
Bitwise expands its crypto ETF lineup
Bitwise’s expansion into additional crypto ETFs reflects the company’s push to broaden its product range. The firm continues to build offerings that track individual assets and diversified baskets.
Earlier in December, Bitwise’s 10 Crypto Index ETP (BITW) began trading on NYSE Arca. The product moved to the exchange after receiving SEC approval in late November.
BITW tracks a market-cap-weighted index of the ten largest cryptocurrencies. The index includes Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot.
The product was previously traded outside major U.S. exchanges. It now holds about $1.25 billion in assets under management.
BITW is not incorporated under the Investment Company Act of 1940. This implies that it lacks the regulatory protection of conventional ETFs or mutual funds.
The listing is another move in the growth of crypto-related investment products. This indicates that there is ongoing market interest despite the regulatory scrutiny.
Bitwise opposed MSCI’s index removal proposal
Bitwise also expressed its opposition to an MSCI proposal on index eligibility. The proposal would exclude Strategy, a firm with a significant stake in Bitcoin, from the Global Investable Market Index.
On December 12, Bitwise, in a public statement, termed the proposed change as fundamentally flawed. The company claimed that indexes needed to capture market composition instead of verifying the decisions of corporate treasuries.
According to Bitwise, investors in the digital asset sector would be exposed to less risk if such companies were shut down. MSCI intends to make a final decision on the proposal in January 2026.
The result could affect the representation of companies that have cryptocurrency reserves in popular equity indexes.