Bitwise Files 11 Single Token Strategy Crypto ETFs With SEC

Bitwise Asset Management has officially filed for 11 new “single-token strategy” exchange-traded funds, marking one of the most aggressive pushes yet to bring altcoin exposure into traditional U.S. investment markets. The filings, submitted to the Securities and Exchange Commission, signal growing confidence that regulated demand for crypto assets now goes well beyond Bitcoin and Ethereum.

These proposed ETFs are designed to give investors targeted exposure to individual crypto tokens through standard brokerage accounts, without requiring self-custody, private wallets, or offshore exchanges. If approved, the products could significantly expand how everyday investors access the broader digital asset market.

What Are Single-Token Strategy ETFs?

Unlike spot crypto ETFs that simply hold one asset outright, Bitwise’s proposed products are structured as “strategy ETFs.” That means each fund follows a rules-based investment approach rather than holding only a single token directly.

Under the filings, each ETF may allocate a portion of its assets directly into the underlying cryptocurrency while placing the remaining share into regulated exchange-traded products or related instruments that track the same token. This structure is designed to improve liquidity, operational flexibility, and regulatory compatibility within U.S. markets.

For investors, the practical outcome is simple: exposure to a specific crypto asset in a familiar ETF format, traded on major exchanges and accessible through traditional investment platforms.

Which Crypto Assets Are Included?

The 11 proposed ETFs focus on a wide range of crypto sectors, reflecting how diverse the market has become. The lineup includes assets tied to decentralized finance, privacy technology, artificial intelligence, Layer-1 and Layer-2 networks, and next-generation trading platforms.

Tokens named in the filings include Aave, Uniswap, Zcash, Bittensor, Sui, NEAR, Starknet, Tron, Ethena, Hyperliquid, and the Canton Network’s CC token. Together, they represent some of the most active and narrative-driven corners of the crypto ecosystem in 2025.

This broad selection suggests Bitwise is betting that investors want precise exposure to individual themes rather than a one-size-fits-all crypto fund.

Why This Filing Matters for U.S. Investors

For years, U.S. investors have faced limited options when it comes to regulated access to altcoins. Many were forced to choose between crypto-native platforms or indirect exposure through company stocks and trusts.

Bitwise’s move aims to bridge that gap. A single-token ETF allows investors to express a clear market view bullish or bearish on a specific crypto asset while staying within traditional compliance and tax frameworks.

This approach could appeal to both retail traders and institutional allocators who want more granular portfolio construction without taking on additional custody or regulatory risks.

Filing Does Not Mean Immediate Approval

It is important to note that filing paperwork with the SEC does not guarantee approval. The agency may request revisions, additional disclosures, or structural changes before allowing the products to launch.

However, the fact that Bitwise filed 11 products at once suggests growing confidence that the regulatory environment is becoming more predictable. Issuers typically do not pursue filings at this scale unless they believe approval is realistically achievable.

Bigger Implications for the Crypto ETF Market

These filings highlight a clear shift in the crypto ETF conversation. The focus has moved from whether crypto belongs in ETFs to how many types of crypto exposure can be packaged for mainstream investors.

If approved, Bitwise’s single-token strategy ETFs could open the door for similar products from other asset managers, accelerating competition and innovation in the digital asset ETF space.

For the broader market, this could mean deeper liquidity, wider adoption, and a stronger link between crypto assets and traditional financial infrastructure bringing Wall Street and blockchain one step closer together.