Bitwise files for 11 new crypto ETFs tracking Bittensor, Tron and others

Crypto asset manager Bitwise has filed applications for 11 new cryptocurrency exchange-traded funds with the U.S. Securities and Exchange Commission.In an N-1A form filed Tuesday, Bitwise sought to launch a set of "strategy" ETFs, which make both direct and indirect investments in a cryptocurrency. Each fund will invest up to 60% of its assets directly in a token, while the remainder will be invested into one or more exchange-traded products that provide exposure to the token.The funds may also invest in derivatives contracts, such as futures contracts and swap agreements, the filing noted.Tuesday's set of applications includes strategy ETFs seeking to track Aave, Canton (CC), Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), and Zcash (ZEC).With the record-breaking success of spot bitcoin and Ethereum ETFs, Bitwise quickly moved to launch products tracking other major cryptocurrencies. In October, it became the first issuer to launch a spot Solana ETF in the U.S., and subsequently launched XRP and Dogecoin ETFs in the following month.Bitwise also recently filed an S-1 registration statement with the SEC for a spot Sui ETF, and an amended statement for a Hyperliquid ETF. Bullish on 2026While bitcoin and the broader cryptocurrency market slumped over the fourth quarter, Bitwise stood firm on its bullish outlook for the coming year.Earlier this month, Bitwise Chief Investment Officer Matt Hougan said bitcoin is likely to defy its historical four-year market cycle and reach new all-time highs in 2026. Hougan pointed to the diminishing impact of successive bitcoin halvings, expectations for falling interest rates, and a reduction in leverage-driven blowups. He also predicted that institutional adoption will accelerate in the new year.Bitcoin's correlation with the equity market could also fall in 2026, Hougan added, pointing to crypto-specific drivers, including regulatory progress and institutional inflows, to support digital assets even if equities face pressure from valuation concerns and slower economic growth.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.