Bitwise submits applications for 11 cryptocurrency ETFs at once, covering popular assets like Bittensor, Zcash, and more.

Cryptocurrency asset management firm Bitwise recently submitted 11 new cryptocurrency ETF applications to the U.S. Securities and Exchange Commission (SEC), indicating an acceleration in the development of diversified digital asset investment products. The relevant documents show that these ETFs are all “strategic cryptocurrency ETFs,” which will gain exposure to cryptocurrencies through direct and indirect methods.

According to the disclosure in the Form N-1A filed on Tuesday, each ETF can allocate up to 60% of its assets directly to a single cryptocurrency token, with the remaining funds invested in one or more exchange-traded products that provide related exposure. Additionally, these funds are permitted to use derivatives such as futures contracts and swap agreements to enhance investment flexibility.

The scope of cryptocurrencies involved in this application is broad, covering Aave, Canton (CC), Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui, Bittensor (TAO), Tron (TRX), Uniswap (UNI), and Zcash (ZEC). This indicates that Bitwise is extending its ETF product line from mainstream assets to multiple niche sectors including DeFi, Layer 1, public chain infrastructure, and privacy coins.

Following record-breaking capital inflows into spot Bitcoin ETFs and Ethereum ETFs, Bitwise has clearly accelerated the launch of new products. In October 2024, the company became the first issuer in the U.S. to launch a spot Solana ETF, followed by the XRP ETF and Dogecoin ETF. Recently, Bitwise also submitted an S-1 registration statement for a spot Sui ETF and updated related documents for the Hyperliquid ETF.

Despite a pullback in Bitcoin and the overall crypto market in the fourth quarter, Bitwise remains optimistic about the medium- and long-term outlook. Chief Investment Officer Matt Hougan stated that Bitcoin is expected to break the traditional four-year cycle and reach new all-time highs by 2026. He believes that the halving effect weakening, declining interest rate expectations, and continued institutional inflows will be key factors supporting cryptocurrencies. As regulatory progress advances, the crypto market may gradually emerge with a new trend independent of traditional stock markets.