11 Single-Asset Crypto Strategy ETFs: Bitwise Expands Altcoin Access Via NYSE Arca

Bitwise is moving forward with a major product expansion, registering 11 new cryptocurrency strategy exchange-traded funds with the SEC that would bring institutional-grade exposure to key protocol tokens directly to U.S. markets. The planned listings on NYSE Arca represent a significant milestone in bringing diversified digital-asset investment products to mainstream investors.

Product Registration and Token Coverage

On December 30th, Bitwise submitted regulatory filings with the U.S. Securities and Exchange Commission to register single-asset crypto strategy ETFs targeting individual tokens. The registration statement for Bitwise Funds Trust now encompasses 11 distinct series, each focused on a specific digital asset including AAVE, CC, ENA, Hyperliquid, NEAR, STRK, SUI, TAO, TRX, UNI, and ZEC.

Unlike traditional equity-based investment vehicles, these funds are structured to deliver capital appreciation through direct exposure to cryptocurrency assets. Each fund operates as a standalone series within the trust structure, allowing investors to gain targeted token exposure without managing wallets or custody directly.

How the Funds Gain Cryptocurrency Exposure

The registered crypto strategy ETFs employ a layered approach to maintain SEC compliance while delivering effective token exposure. Under normal market conditions, each fund commits to allocating at least 80% of net assets (plus borrowings) toward instruments that track its underlying token. Direct token holdings are generally capped at 60% of the fund’s portfolio.

To achieve this balanced exposure, Bitwise leverages multiple channels: direct cryptocurrency holdings, investments in non-U.S. exchange-traded products, and derivative instruments that reference the underlying digital asset. This multi-pronged strategy ensures liquidity and regulatory alignment while maintaining meaningful price correlation.

The funds may utilize wholly owned Cayman Islands subsidiaries to hold digital assets and derivative securities, allowing them to maintain regulated investment company status under U.S. tax code provisions. This structural approach has become standard practice for crypto investment vehicles seeking mainstream market access.

Performance, Risks, and Trading Details

Bitwise has disclosed that fund performance will not track the spot price of underlying cryptocurrencies with perfect precision. Fee structures, fund mechanics, and reliance on third-party exchange-traded products all create variance from pure token price movements. Investors should anticipate these performance gaps when evaluating potential returns.

Risk disclosures address the full spectrum of crypto investment challenges: digital asset volatility, custody and cybersecurity vulnerabilities, regulatory classification uncertainty, derivatives usage complications, liquidity constraints, and concentration risk from single-asset focus. These risks are detailed transparently to ensure informed investor decision-making.

Each fund’s shares are designed to list and trade primarily on NYSE Arca, with creation and redemption processes handled through authorized participants in large blocks. Bitwise Investment Manager LLC serves as the investment adviser, with designated portfolio managers to oversee fund operations following launch.

Market Implications

The filing signals strong institutional appetite for structured altcoin exposure through regulated channels. With 11 protocol tokens now moving through the SEC approval process, Bitwise is positioning itself to capture growing demand for diversified cryptocurrency investment products that meet U.S. regulatory standards and custody requirements.

This expansion builds on the firm’s earlier crypto ETF successes and reflects the maturing digital-asset market, where institutional investors increasingly seek simple, compliant ways to allocate capital to emerging tokens without managing technical infrastructure directly.