Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a suite of 11 single-token "strategy" crypto exchange-traded funds (ETFs). The filing, submitted on December 30, 2025, marks one of the largest single-day crypto ETF applications in history. By targeting high-interest altcoins like Aave, Uniswap, and Sui, Bitwise is attempting to move the "altcoin trade" from niche, often offshore, crypto exchanges into the regulated, ticker-based world of mainstream brokerage screens. This ambitious "Strategy ETF" suite aims to provide sophisticated, rules-based exposure that bridges the gap between direct token ownership and traditional financial vehicles.

• Bitwise is seeking to bring a diverse group of 11 different altcoins into the U.S. ETF market simultaneously.
• Learn how the unique "Strategy ETF" structure blends direct holdings with other financial products to manage risk.
• Discover which specific tokens—ranging from AI-focused assets to DeFi giants—are included in this historic filing.

Unlike a standard "spot" fund that simply holds the underlying asset in a digital vault, Bitwise’s proposed suite utilizes a hybrid structure. According to the SEC filing, each fund will derive its exposure by investing up to 60% of its assets directly in the specific token. The remaining 40% will be allocated to other exchange-traded products (ETPs) that invest in or provide exposure to that same token. This multi-layered approach allows Bitwise to maintain liquidity and operational flexibility—crucial factors for the SEC when evaluating assets that may have lower trading volumes than Bitcoin or Ethereum.

This structure also allows for the potential use of derivatives to fine-tune the fund's performance. By concentrating each ETF on a single coin—rather than a diversified basket—Bitwise is giving institutional allocators and retail investors the ability to express specific views on individual protocols. For example, an investor could specifically target the decentralized lending market via the Bitwise Aave Strategy ETF or the AI-driven data economy through the Bitwise Bittensor (TAO) Strategy ETF.

The 11-fund lineup is impressively broad, spanning the most active sectors of the current crypto economy. The list includes native tokens for Uniswap (UNI), Zcash (ZEC), Bittensor (TAO), Sui (SUI), and NEAR, alongside newer narratives like Ethena (ENA) and Starknet (STRK). This variety ensures that the "Bitwise Strategy" covers governance, utility, and infrastructure plays.

This move comes as the wider industry pivots toward altcoin-focused products. Just this week, Grayscale filed to convert its Bittensor trust into a spot ETF, and firms like VanEck and 21Shares continue to push for Solana and XRP products. Bitwise’s bid is unique because it seeks to launch a standardized "template" across 11 different tokens at once, rather than drip-feeding individual filings. This "shelf" strategy allows Bitwise to lock in first-mover status and brand recognition as these assets move toward mainstream adoption.

The timing of this "flood" of filings is no accident. It follows the SEC’s late-2025 shift toward "universal listing standards" for crypto ETPs, a policy change that shortened the typical approval timelines and reduced the need for bespoke, case-by-case reviews for every new product. With a targeted effective date around March 16, 2026, Bitwise is leaning into this more permissive framework.

For the average investor, these ETFs turn complex on-chain assets into something that fits existing compliance rails: CUSIPs, daily NAVs, and qualified custodians. This is part of a larger trend of institutional integration, mirroring the recent launch of JPMorgan's JPM Coin on the Base blockchain and Circle's move into the multi-trillion dollar FX market. By turning altcoins into standard brokerage tickers, Bitwise is effectively removing the technical hurdles—such as managing private keys or navigating offshore venues—that have long kept institutional capital on the sidelines.

Quotes and Expert Opinions

“The Fund seeks to achieve its investment objective through direct and indirect investments. This will typically result in more complete allocation for participants requesting the lowest amounts while progressively filling larger requests until the supply is exhausted.” — Bitwise SEC Filing, December 30, 2025

“For institutional allocators, an 11-fund shelf turns altcoins into something that fits existing compliance and operational rails: CUSIPs, daily NAVs, and qualified custodians instead of offshore venues and bespoke mandates.” — BanklessTimes Market Analysis

FAQs

What are Bitwise’s new 11 single-token "strategy" ETFs?
Bitwise has filed with the SEC to launch 11 individual ETFs, each focusing on a single altcoin such as Aave, Uniswap, or Sui. These are "strategy" ETFs, meaning they use a specific hybrid structure of direct and indirect holdings rather than just being a pure "spot" vehicle.

How is a "Strategy ETF" different from a "Spot ETF"?
A spot ETF holds 100% of the underlying asset directly. Bitwise’s strategy ETFs will invest up to 60% directly in the token and at least 40% in other exchange-traded products or derivatives. This structure is designed to manage liquidity and regulatory requirements more effectively.

Which altcoins are included in the Bitwise 11-fund suite?
The suite includes funds for Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Bittensor (TAO), Sui (SUI), NEAR Protocol (NEAR), Starknet (STRK), Ethena (ENA), Tron (TRX), Hyperliquid (HYPE), and Canton Network (CC).

Why did Bitwise file for 11 ETFs at the same time?
By filing a large suite at once, Bitwise aims to establish "first-mover" advantage across multiple sectors like DeFi and AI. This follows the SEC’s 2025 move toward universal listing standards, which has made it easier for issuers to launch a family of related products.

When will these Bitwise ETFs be available for trading?
The filings were made at the end of December 2025. If the SEC allows the registration statements to go effective as planned, these funds could potentially launch around mid-March 2026.