Crypto fund manager Bitwise has filed with the SEC to launch 11 new single-token “strategy” crypto ETFs, expanding into the altcoin market. The proposed funds include Aave, Uniswap, Zcash, Bittensor, Sui, and Near, offering investors a regulated route into tokens mostly traded on crypto exchanges.

Each ETF is designed as a “Strategy ETF” combining direct spot holdings in the relevant cryptocurrency with positions in exchange-traded products and derivatives for exposure. The funds will invest up to 60% of assets directly in the token and at least 40% in securities from ETPs referencing the token.

Bitwise’s existing offerings are diversified baskets of crypto equities, multi-asset indexes, or futures-based strategies. The new single-token strategy funds, if approved, target a different type of risk, concentrating on one coin like TAO or SUI across decentralized finance, AI, and layer-1 ecosystems.

The move is part of a broader wave of ETF and ETP activity, with issuers like Grayscale, VanEck, and 21Shares rolling out or seeking approval for spot and thematic products tied to altcoins such as Solana, XRP, Dogecoin, and Avalanche. Bitwise’s 11-fund suite aims to give US investors access to a long tail of altcoins through ETFs following a common strategy template.

Read more at Cointelegraph: Bitwise Files with the US SEC to Launch 11 Crypto ETFs