Bitwise Files for 11 Crypto ETFs Including Tron and Zcash

Bitwise Expands ETF Strategy with New Filings

Bitwise Asset Management has filed for 11 new cryptocurrency ETFs.
The funds will invest directly and indirectly in cryptocurrencies such as Tron, Zcash, Aave, Ethena, Hyperliquid, and Bittensor.
Pending altcoin ETF applications are awaiting SEC approval.

Details of the New ETF Strategy

New N-1A form applications submitted to the SEC on December 30 include a range of strategy ETFs.
Each fund plans to allocate 60% of its assets directly into a token, with the remaining 40% in exchange-traded products (ETPs) related to the same token.
Included tokens: AAVE, Canton, ENA, HYPE, Near Protocol, Starknet, Sui, TAO, Uniswap, and ZEC.
Funds may also invest in derivatives like futures and swap agreements.
Bitwise remains optimistic despite broader market challenges.

Bitwise was the first to launch a Solana fund with a 0.20% annual sponsor fee, waived for the first $1 billion in assets for three months.
The Solana ETF includes a staking objective, with Coinbase Custody Trust Company as custodian.
Bitwise has an application for a spot Avalanche ETF under the ticker "BAVA," with a 0.34% management fee waived for one month or until $500 million in AUM is reached.