Bitwise Pushes Deeper Into Altcoins With 11 Strategy ETF Filings
Crypto asset manager Bitwise has filed with the US Securities and Exchange Commission (SEC) to launch 11 single-token “strategy” crypto ETFs.
The proposed products would, contrary to traditional spot ETFs, implement a rules-based strategy. As per the filings, every fund’s investment would consist of up to 60% in the token that is directly underlying, while at least 40% would be allocated to exchange-traded products (ETPs) based on the same asset, with limited derivatives usage for slight adjustments in exposure.
The assets targeted cut across several crypto sectors, including DeFi, , and Layer-1 ecosystems with tokens like Aave, Uniswap, Zcash, Bittensor, Sui, and Near.
This method sets Bitwise’s proposal apart not only from its existing spot Bitcoin, , Solana, and XRP ETFs but also from its diversified crypto equity and index products.
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