Bitwise Floods SEC With 11 Crypto ETF Filings in One Day
Bitwise Funds Trust filed registration statements with the SEC on December 30 for eleven strategy-based exchange-traded funds focusing on main blockchain protocols, marking one of many largest single-day crypto ETF filings in trade historical past.
The funds, anticipated to develop into efficient 75 days after submitting, will commerce on NYSE Arca and supply publicity to governance, utility, and native tokens by way of a hybrid funding construction combining direct holdings with European exchange-traded merchandise.
The submitting arrives as asset managers race to seize market share following the SEC’s October 2025 introduction of generic listing standards for crypto ETFs, which eradicated case-by-case approval necessities and accelerated product launches throughout the trade.
Bitwise Targets DeFi, Layer-2s, and Privacy Networks
The eleven funds span numerous blockchain sectors, with every focusing on a particular protocol.
The Bitwise AAVE Strategy ETF focuses on decentralized lending, whereas the Bitwise UNI Strategy ETF tracks Uniswap’s decentralized change and Unichain Layer-2 community.
Infrastructure performs embody the Bitwise NEAR Strategy ETF, which covers NEAR’s sharded structure, and the Bitwise SUI Strategy ETF, which targets Mysten Labs’ Move-based blockchain.
Layer-2 scaling options characteristic prominently by way of the Bitwise STRK Strategy ETF for Starknet’s ZK-STARK expertise.
Privacy-focused networks additionally seem by way of the Bitwise ZEC Strategy ETF, which tracks Zcash’s zk-SNARK implementation.
Specialized protocols spherical out the suite, together with the Bitwise TAO Strategy ETF for Bittensor’s AI market, the Bitwise ENA Strategy ETF for Ethena’s artificial greenback protocol, and funds masking Canton Network, Hyperliquid, and TRON blockchain.
Each fund employs equivalent funding mechanics, with as much as 60% in direct token holdings and at the very least 40% allotted to European ETPs that observe token efficiency by way of absolutely collateralized debt securities.
Funds preserve a minimal 80% publicity to designated tokens, associated ETPs, and derivatives beneath regular circumstances, with an elective 25% allocation to Cayman Islands subsidiaries for tax compliance and entry to derivatives.
Institutional Access and Regulatory Complexity
Bitwise Investment Manager serves as adviser throughout all funds, with portfolio administration shared by Jennifer Thornton, Daniela Padilla, and Gayatri Choudhury.
The Bank of New York Mellon handles administration and custody for conventional securities, whereas Coinbase Custody Trust Company and BitGo Europe GmbH safe digital belongings.
The funds function beneath a unitary price construction, although particular percentages stay undisclosed in the submitting.
Despite the skilled infrastructure, these merchandise nonetheless carry important dangers.
Regulatory uncertainty persists over whether or not (*11*) or commodities, with the potential for fund dissolution if classifications shift.
European ETP publicity introduces issuer default danger and valuation challenges on account of time-zone variations between the U.S. and European markets.
Notably, the funds intend to qualify as Regulated Investment Companies, avoiding federal taxation on the fund degree if revenue is distributed to shareholders.
Creation and redemption happen primarily by way of money fairly than in-kind transactions, doubtlessly ensuing in greater capital beneficial properties distributions than in conventional ETF buildings.
Shares commerce all through the day at market costs that will deviate from internet asset worth.
Wave of Altcoin Products Reshapes ETF Landscape
The submitting extends Bitwise’s aggressive ETF growth following latest launches, together with the Bitwise Dogecoin ETF, which has collected important belongings regardless of its non-1940 Act classification and decreased investor protections.
These waves of filling got here as Bitwise previously predicted that greater than 100 crypto ETFs might launch by 2026 as generic itemizing requirements get rid of approval bottlenecks.
@BitwiseInvest has unveiled the Bitwise Dogecoin ETF as investor urge for food for altcoin publicity continues to extend.#Bitwise #Dogecoinhttps://t.co/FShBKEVO31
— Cryptonews.com (@cryptonews) November 26, 2025
The agency has additionally filed for merchandise monitoring NEAR and Chainlink, with the latter showing on the DTCC registry, signaling a possible near-term launch.
Market construction shifts proceed to speed up institutional crypto entry. Solana, XRP, and Dogecoin ETFs launched all through 2025, with the Bitwise Solana Staking ETF gathering over $660 million in three weeks with out experiencing outflows.
Bank of America recently authorized advisers to advocate Bitcoin ETFs to purchasers, doubtlessly channeling parts of the financial institution’s $3.5 trillion in managed belongings towards digital belongings as regulatory readability improves beneath new SEC management.
Bitwise Maintains Bullish Outlook Despite Market Volatility
Bitwise Chief Investment Officer Matt Hougan maintains that Bitcoin will reach new all-time highs in 2026, breaking the standard four-year cycle sample by way of sustained institutional capital inflows.
Bitwise CIO @Matt_Hougan expects regular, lower-volatility Bitcoin beneficial properties over the following decade fairly than explosive rallies.#Bitwise #Bitcoinhttps://t.co/TjPChydie2
— Cryptonews.com (@cryptonews) December 28, 2025
The agency argues that Bitcoin’s declining volatility, now decrease than Nvidia shares in 2025, displays a maturing investor base as conventional monetary establishments, together with Morgan Stanley, Wells Fargo, and Merrill Lynch, put together allocations.
Hougan also recently said he expects a decade of steady gains from right here with decreased volatility fairly than explosive rallies, pushed by structural market adjustments and regulatory readability fairly than retail hypothesis.
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