Bitwise Targets Altcoin Demand With 11 New Single-Token ETF Filings

Bitwise has filed with the U.S. Securities and Exchange Commission seeking approval to launch a suite of 11 single-token “strategy” crypto exchange-traded funds, marking one of the firm’s most aggressive pushes yet into the altcoin ETF market.

If approved, the funds would provide targeted exposure to individual digital assets such as Aave, Uniswap, Zcash, Bittensor, Sui, and Near, among others. The products are designed to offer investors regulated access to tokens that have largely remained confined to direct trading on crypto exchanges, expanding the range of crypto assets available through traditional brokerage accounts.

Strategy structure sets products apart

Unlike plain spot ETFs, Bitwise’s proposed offerings are structured as “Strategy ETFs,” meaning they follow a rules-based framework to gain exposure to each underlying asset. According to the filings, each fund would invest up to 60% of its assets directly in the relevant cryptocurrency, while allocating at least 40% to securities issued by exchange-traded products that reference the same token. The strategy may also incorporate derivatives to fine-tune exposure and manage positioning.

This hybrid structure differentiates the proposed funds from Bitwise’s existing lineup, which has focused primarily on diversified crypto equity baskets, multi-asset index products, or futures-based strategies rather than concentrated, single-asset exposure.

Expanding an already broad ETF lineup

Bitwise already operates a growing roster of crypto ETFs in the United States. Its spot offerings include funds tied directly to Bitcoin, Ethereum, Solana, and XRP, while its equity and index products provide exposure to publicly traded crypto-related companies and diversified baskets of major digital assets. The firm also runs strategies built around futures contracts listed on the CME.

The proposed single-token strategy ETFs would complement that existing shelf by targeting a different risk profile. Instead of spreading exposure across multiple assets, each fund would focus on a single cryptocurrency, applying the same strategic framework across a range of sectors, including decentralized finance, artificial intelligence-linked tokens, and layer-1 blockchain ecosystems.

Part of a broader wave of crypto ETF filings

Bitwise’s move comes amid a broader surge in crypto ETF and ETP activity in the U.S. market. In recent weeks, issuers including Grayscale, VanEck, and 21Shares have filed applications or launched products tied to individual altcoins and thematic segments such as artificial intelligence and decentralized finance. Grayscale, for example, recently applied to convert its Bittensor trust into a spot ETF.

While other firms have largely pursued one-off altcoin products, Bitwise’s approach stands out for its scale. By proposing an 11-fund suite built around a common strategy template, the company is positioning itself to offer U.S. investors systematic ETF access to a broad slice of the altcoin market, pending regulatory approval.

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