Bitwise Files 11 Crypto ETF Applications in One Day
Overview
Apparently, Bitwise Made A Statement In The Crypto Space Today By Submitting 11 Exchange-Traded Fund Applications To The U.S. Securities And Exchange Commission In Just One Day. This Bold Move Confirms The Ever-Growing Demand For Crypto-Investing Options.
Targeted Protocols
The Filed ETFs Are Focused On Major Blockchain Technologies Like Aave, Uniswap, Near And Zcash. Each Of These Funds Offers You Direct Access To Governance, Utility, And Native Tokens Through A Hybrid Fund Structure Combining Direct Investments With European Exchange-Traded Products.
Fund Details
Don’t Miss The Fact That Each Of The 11 New Funds Will Have Up To 60 Percent Of Their Investments Directly Based In Crypto Token Holdings, With At Least 40 Percent Coming From European Products Like Etps. Under Normal Circumstances, These Funds Will Give At Least 80 Percent Exposure To Designated Tokens, Related Etp’s, And Derivatives. On top of that, there’s an optional 25-Percent Allocation To Cayman-Islands-Based Subsidiaries For Tax Compliance And Access To Various Derivatives, All Of Which Should Allow The Funds To Launch On Nyses Arca Within The Following 75 Days.
Regulatory Situation
Now That The Sec Has Introduced Generic Listing Standards For Crypto ETFs, It’s Expected To Accelerate The Launch Process For These New Funds As It Has Eliminated The Need For Case-By-Case Approvals. Thus, You Can Expect A Surge In More Of These Products Being Launched In The Industry In The Coming Weeks.
Risks
Despite All The Professional Underlying Infrastructure Behind These Funds, They Have The Potential To Face Several Risks. The Uncertainty Surrounding Tokens As Securities Or Commodities, For Instance, Could Potentially Be Classified And End Up Causing Funds To Be Dissolved If Classifications Change. On the other hand, exposure to European Etp’s Has The Risk Of Introducing Issuer Default Risk And Also Makes it Difficult To Calculate The Funds’ Valuation Due to differences in Time Zones Between U.S. and European markets.
Bitwise’s Latest ETF Launches
Bitwise Has Been Aggressively Expanding Its Presence In The Etf Space With Recent Launches Such As The Bitwise Dogecoin Etf Despite Its Non-1940 Act Classification And Limited Investor Protections. The Firm Has Also Filed For Products Focused On Near And Chainlink, With Chainlink Seen As A Potential Near-Term Launch.
Market Trend
The Current Market Is Pointing To A Huge Surge In Institutional Access To Cryptocurrencies. Products Focused On Solana, Xrp, And Dogecoin Launched Throughout Last Year, With The Bitwise Solana Staking Etf Raking In Over 660 Million Us Dollars In Three Short Weeks Without A Single Outflow. Just Last Month, Bank Of America Gave Permission For Advisers To Recommend Bitcoin Efts To Their Clients, Meaning Some Portion Of The Bank’s 3.5 Trillion Dollar Assets Could Be Directed Towards Digital Assets As Regulatory Clarity Improves Under New Sfec Leadership.
What’s Next?
According To Bitwise Chief Investment Officer Matt Hougan, Bitcoin Is Expected To Hit All-Time Highs In 2026, Being Driven By Consistent Institutional Capital Inflow And A Maturing Investor Base That Includes Traditional Financial Institutions Like Morgan Stanley, Wells Fargo And Merrill Lynch. Hougan Anticipates A Complete Decade Of Growth With Reduced Volatility, thanks to Structural Changes And Regulatory Clarity Rather than Retail Speculation.
