Bitwise Moves to Launch ETFs Linked to ZEC, HYPE, and SUI
Crypto ETF issuer Bitwise has filed a series of documents with the U.S. SEC to roll out new funds. The latest funds are pegged to leading altcoins, which include ZEC, HYPE, and SUI.
Bitwise Submits Eleven Crypto ETF Applications
The company filed a new application on the 30th of December to the U.S. Securities and Exchange Commission for the approval of 11 new crypto exchange-traded funds. The 11 new ETFs are structured such that 60% of the assets are invested directly in the underlying crypto.
The remaining 40% of the funds will be invested in ETPs that follow these assets. The funds will also use derivatives to adjust their exposure.
The lineup of Strategy ETFs will track AAVE, Uniswap, ZEC, Canton, Ethena, HYPE, NEAR, Starknet,…
