Crypto asset manager Bitwise has submitted a filing to the U.S. Securities and Exchange Commission to launch 11 crypto “strategy” exchange-traded funds (ETFs), featuring aave , uniswap , zcash , and .
The Tuesday N-1A filing outlines an investment strategy that allows for up to 60% of a fund’s assets to be directly invested in the underlying token, with the remaining funds allocated to exchange-traded products and potentially derivatives like futures and swaps.
The SEC filing coincided with Grayscale’s submission to convert its bittensor trust into an exchange-traded product. Barry Silbert, chairman of Grayscale, mentioned on X that this reflects the rapid evolution of decentralized AI as a trending investment theme in U.S. crypto markets.
Bittensor functions as an open network, leveraging crypto-economic incentives to facilitate machine learning development, rewarding model and computing power contributors with TAO. This project is gaining traction as investors look for AI-related crypto assets beyond conventional smart contract platforms.
Bitwise’s applications illustrate the fast-paced expansion of issuers moving beyond bitcoin and ether following the success of spot ETFs linked to these leading cryptocurrencies. The firm has previously launched spot ETFs associated with bitcoin, ether, solana, and XRP, and has filed additional applications for assets such as sui and hyperliquid.
The other tokens highlighted in the filing include , , , athena (ENA), , canton coin (CC).
