Bitwise Asset Management has taken a major step toward broadening crypto exposure in traditional markets, filing applications with the U.S. Securities and Exchange Commission for 11 new “strategy” exchange-traded funds on December 30, 2025.
The proposed products are designed to track a diverse group of digital assets, signaling Bitwise’s ambition to move well beyond its existing lineup tied to Bitcoin, Ethereum, Solana, and XRP.
How the Strategy ETFs Would Work
Unlike spot-only products, the newly filed funds are structured as “strategy” ETFs. Each fund plans to allocate up to 60% of its assets directly into the underlying cryptocurrency. The remaining portion may be invested indirectly, using other exchange-traded products that track the same asset or derivative instruments designed to provide similar exposure.
This hybrid structure gives Bitwise flexibility while staying within current regulatory boundaries, especially for assets that do not yet have approved spot ETFs in the U.S.
The 11 Crypto Assets Targeted
Bitwise filed for individual strategy ETFs linked to the following tokens:
- Aave (AAVE)
- Canton (CC)
- Ethena (ENA)
- Hyperliquid (HYPE)
- NEAR Protocol (NEAR)
- Starknet (STRK)
- Sui (SUI)
- Bittensor (TAO)
- Tron (TRX)
- Uniswap (UNI)
- Zcash (ZEC)
The selection spans DeFi, Layer 1 and Layer 2 networks, privacy-focused assets, and newer infrastructure plays, reflecting growing institutional interest in a wider crypto universe.
Timing and Market Impact
According to the filings, the expected effective date for these ETFs is around March 16, 2026, assuming regulatory clearance. If approved, the products would mark one of the most aggressive expansions of crypto-linked ETFs in the U.S. market to date.
More broadly, the move highlights a shift in how asset managers are approaching digital assets. Rather than waiting for spot ETF approval token by token, firms like Bitwise are using strategy-based structures to bring diversified crypto exposure to investors sooner.
If successful, these filings could accelerate the normalization of altcoin exposure inside traditional portfolios, setting the stage for a much wider range of crypto ETFs in the years ahead.
