Asset manager Bitwise has just filed 11 applications for “Strategy” crypto ETFs as the year comes to a close. The list includes: Bittensor (TAO), Uniswap (UNI), Ethena (ENA), Hyperliquid (HYPE), Tron (TRX), Zcash (ZEC), Starknet (STRK), Canton (CC), Aave, Near, and Sui.
Bitwise files 11 crypto ETF applications
The year 2025 may not necessarily have been the year of the promised boom in spot crypto ETFs, following the historic approval of exchange-traded funds for Bitcoin and Ethereum in 2024. In fact, the new chairman of the Securities and Exchange Commission (SEC), Paul Atkins, ultimately waited until the end of the year to gradually approve these financial products, which had been pending for many months.
Following this regulatory opening, the launches of spot ETFs for Solana (SOL) and Ripple’s XRP quickly emerged as the year’s biggest successes in the sector. Meanwhile, fund managers continue to file an ever-increasing number of applications with the SEC.
This momentum has recently intensified as the year draws to a close, following the filing of 11 new crypto ETF applications by Bitwise on December 30. These exchange-traded funds are part of the company’s “Strategy” offering, involving direct and indirect investments in the relevant projects.
List of the 11 crypto ETF applications filed by Bitwise
Specifically, these 11 new crypto ETFs cover highly popular projects: Bittensor (TAO), Uniswap (UNI), Ethena (ENA), Hyperliquid (HYPE), Tron (TRX), Zcash (ZEC), Starknet (STRK), Canton (CC), Aave (AAVE), Near (NEAR), and Sui (SUI). This should appeal to a wide range of investors.
Crypto ETFs with Derivative Contract Options
These crypto ETF applications filed by Bitwise involve hybrid funds that will invest up to 60% of their assets directly in the relevant cryptocurrency and the remaining 40% “in securities issued by one or more exchange-traded products that directly invest in, provide exposure to, replicate the performance, or have trading and/or price performance characteristics similar to those” of the token.
A strategy that may also involve investments in derivative contracts—such as futures and swap agreements—based on the relevant token, with an estimated “at least 80% of its net assets” exposed to this set of crypto financial products.
Important note: These exchange-traded funds are not spot crypto ETFs in the strict sense of the term, as they do not hold 100% of the cryptocurrencies whose performance they track directly.
With these new crypto exchange-traded funds, Bitwise is undoubtedly attempting to capitalize on the success of its BSOL ETF focused on Solana, which, following its launch last October, quickly established itself as the best of the year in the sector—before Ripple’s XRP stole the spotlight a few weeks later.
