Bitwise Files for 11 Crypto ETFs Amid Market's ETF Approval Fatigue
According to reports, Bitwise filed with the SEC to launch 11 single-token "strategy" ETFs tied to various protocols including Aave, Uniswap, Zcash, and others. Each fund intends to allocate approximately 60% of its assets to the underlying coin and the remainder to related ETPs and derivatives, with an expected effective date in March 2026. The market's muted reaction suggests a growing ETF filing fatigue. The new filings come amid a crowded pipeline of potential crypto ETFs, including those from Grayscale. Generic listing standards approved by the SEC now allow exchanges to list commodity-based trust shares more easily. US-listed crypto ETPs hold $153 billion in total assets across 130 funds, with Bitcoin dominating at $125 billion across 60 ETPs.
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