Bitwise Expands Crypto ETF Offering With 11 New Strategy Funds
In a move to capitalize on the growing interest in digital assets, cryptocurrency investment firm Bitwise has submitted proposals to the U.S. Securities and Exchange Commission (SEC) for 11 different exchange-traded funds (ETFs). The filings, made via an N-1A form on Tuesday, aim to introduce a series of “strategy” ETFs designed to offer investors diversified exposure to various cryptocurrencies through a mix of direct and indirect holdings.
These proposed funds represent a hybrid approach to crypto investing.
According to the documentation, each ETF will allocate up to 60% of its portfolio directly into the underlying digital token.
The balance will be directed toward one or more exchange-traded products (ETPs) that mirror the…
