Bitwise eyes AI and DeFi tokens with 11 new crypto strategy ETFs
Crypto asset manager Bitwise filed with the U.S. Securities and Exchange Commission to introduce 11 crypto “strategy” exchange-traded funds (ETFs) including aave , uniswap , zcash , and .
The Tuesday N-1A filing details an approach that includes investing up to 60% of a fund’s assets directly in the underlying token, with the remainder allocated to exchange-traded products and, potentially, derivatives such as futures and swaps.
The SEC filing was made the same day Grayscale submitted a filing to convert its bittensor trust to an exchange-traded product. Barry Silbert, chairman of Grayscale, said in a post on X that the move reflects how quickly decentralized AI is evolving as one of the…
