Bitwise Files for 11 Altcoin ETFs Targeting AAVE, UNI, SUI, More

Asset supervisor Bitwise has submitted filings for 11 new single-asset cryptocurrency exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC).

This batch targets main altcoins, together with Aave (AAVE), Uniswap (UNI), and Sui (SUI), signaling a direct problem to present regulatory boundaries which have largely confined ETF approvals to Bitcoin, Ethereum, and, extra just lately, Solana and XRP.

Bitwise Pushes Deeper Into Altcoin ETFs

According to the filings, the proposed merchandise will sit beneath the Bitwise Funds Trust and commerce on NYSE Arca if permitted. The lineup includes technique ETFs targeted on AAVE, UNI, Zcash (ZEC), Near (NEAR), SUI, Tron (TRX), Starknet (STRK), Ethena (ENA), Bittensor (TAO), Hyperliquid (HYPE), and the Canton Network’s CC token.

The prospectus outlined a constant construction throughout the funds. Each ETF plans to carry as much as 60% of its belongings straight within the underlying token, whereas not less than 40% would come from exchange-traded merchandise, futures, or swaps that observe the identical asset. In some circumstances, publicity could also be managed via offshore subsidiaries, a construction already acquainted in commodity and crypto-linked funds.

ETF analyst Eric Balchunas reacted to the filings, writing on X that “cash (and ETF filings) by no means sleeps,” a nod to the tempo at which issuers are racing to safe first-mover benefit in altcoin merchandise. Industry accounts akin to ETF Hearsay additionally flagged March 16, 2026, because the tentative efficient date, although charges and tickers stay undecided.

The breadth of the filings stands out as a result of whereas earlier cycles targeted virtually totally on Bitcoin and later Ethereum, Bitwise is now concentrating on decentralized finance, layer-1 networks, privateness cash, and even AI-linked crypto via TAO, reflecting shifting investor curiosity.

A Crowded and Competitive Landscape

Bitwise has made its transfer at a time when crypto ETFs outdoors Bitcoin are already displaying combined however telling outcomes. For instance, spot Solana ETFs, which launched in October, had attracted greater than $750 million in web inflows midway via December, in line with latest CoinShares knowledge.

Analysts famous that traders seem prepared to carry these merchandise via risky value swings, suggesting longer-term positioning somewhat than short-term buying and selling.

Meanwhile, Ripple-linked ETFs have gone even additional. As CryptoPotato beforehand reported, U.S.-listed XRP ETFs have recorded greater than $1 billion in cumulative inflows and not using a single day of web withdrawals, outperforming Bitcoin, Ethereum, and Solana funds throughout the identical interval.

For now, the filings sign rising confidence from asset managers that investor demand extends nicely past the most important cryptocurrencies and that the ETF market might quickly replicate that shift, pending the SEC’s response.

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