Bitwise Files for 11 Altcoin ETFs in Biggest Expansion Yet
Bitwise submits SEC applications for ETFs covering AAVE, UNI, SUI, NEAR, and seven other altcoins, targeting March 2026 launch.
Bitwise Asset Management has filed for 11 new altcoin ETFs with the SEC, marking the most ambitious push yet to bring individual altcoins into regulated U.S. investment products.
What Happened
On December 30, 2025, Bitwise submitted applications to the U.S. Securities and Exchange Commission for 11 new "strategy" exchange-traded funds. The targeted cryptocurrencies include Aave (AAVE), Uniswap (UNI), Sui (SUI), NEAR Protocol (NEAR), Bittensor (TAO), Hyperliquid (HYPE), Starknet (STRK), Ethena (ENA), Zcash (ZEC), TRON (TRX), and Canton (CC).
Unlike traditional spot ETFs, these "Strategy ETFs" follow a 60/40 structure: 60% direct spot holdings in the underlying cryptocurrency, with the remaining 40% in derivatives and exchange-traded products referencing that asset. This approach provides flexibility for portfolio management while maintaining significant direct exposure.
Why It Matters
If approved, this filing would represent one of the most expansive attempts to package individual altcoins into regulated U.S. investment vehicles. The move comes after the SEC greenlit several altcoin ETFs in 2025, including products for Solana, XRP, Hedera, Litecoin, Chainlink, and even Dogecoin.
Analyst Chad Steingraber noted that 2026 is shaping up to be "the year of the crypto ETF," with a new market opening for institutional capital. The potential approval could unlock billions in institutional investment for mid-cap altcoins that previously lacked regulated access points.
What to Watch
If approved, these ETFs could become effective by March 16, 2026. Market participants should monitor SEC commentary on the strategy ETF structure and any feedback during the review period. The success of existing altcoin ETFs will likely influence the approval timeline.
Key Takeaways
This is a developing story. The SEC review process typically takes several months, and the regulatory landscape for altcoin products continues to evolve under the current administration.
