Bitwise bombs SEC with 11 ETF filings for altcoin heavyweights like AAVE, TAO, and SUI. Privacy coins and DeFi stars gear up for institutional billions.
Bitwise Shocks Crypto Market With 11 ETF Filings
The final trading day of 2025 delivered an unexpected bombshell as Bitwise Asset Management submitted applications for eleven cryptocurrency exchange-traded funds to the U.S. Securities and Exchange Commission. The move, which caught industry observers off-guard, represents one of the most aggressive ETF filing strategies witnessed in the digital asset space.
According to WuBlockchain on X, the December 30 submission encompasses a diverse portfolio spanning multiple blockchain ecosystems. The filing package includes ETF applications for AAVE, UNI, ZEC, CC, ENA, Hyperliquid, NEAR, STRK, SUI, TAO, and TRX.
On December 30, Bitwise submitted applications to the U.S. SEC for 11 cryptocurrency ETFs, including the Bitwise AAVE Strategy ETF, Bitwise UNI Strategy ETF, Bitwise ZEC Strategy ETF, Bitwise CC Strategy ETF, Bitwise ENA Strategy ETF, Bitwise Hyperliquid Strategy ETF, Bitwise NEAR Strategy ETF, Bitwise STRK Strategy ETF, Bitwise SUI Strategy ETF, Bitwise TAO Strategy ETF, and Bitwise TRX Strategy ETF.
The timing proves particularly intriguing given the regulatory landscape surrounding crypto products in the United States. Bitwise's strategy appears to cast a wide net across different cryptocurrency sectors, from decentralized finance protocols to privacy coins and layer-one blockchain platforms.
Strategic Portfolio Spanning Multiple Crypto Sectors
The proposed ETF lineup reveals Bitwise's calculated approach to capturing various segments of the cryptocurrency market. AAVE and UNI represent the decentralized finance sector, targeting lending protocols and decentralized exchanges respectively. Meanwhile, ZEC brings privacy-focused technology into the mix, a category that has historically faced heightened regulatory scrutiny.
Layer-one blockchain solutions dominate a significant portion of the applications. NEAR, STRK, and SUI each represent distinct approaches to scalability and transaction processing. The inclusion of Hyperliquid adds exposure to decentralized derivatives trading, while TAO targets the artificial intelligence and machine learning integration within blockchain technology.
TRX's presence in the filing roster signals interest in established smart contract platforms beyond the dominant Ethereum ecosystem. The cryptocurrency has maintained consistent trading volume and developer activity despite past controversies. ENA rounds out the selection with its focus on synthetic dollar protocols, tapping into the growing stablecoin and decentralized money markets.
The official SEC filing provides the regulatory framework under which these products would operate. Each ETF would function as a strategy fund, likely employing futures contracts, spot holdings, or a combination of instruments to track the underlying asset's performance.
Regulatory Approval Remains Uncertain Hurdle
The SEC's track record with cryptocurrency ETF approvals has evolved significantly over the past year. Bitcoin and Ethereum spot ETFs received greenlight status, opening floodgates for institutional capital. However, altcoin ETFs face different considerations regarding market manipulation risks, liquidity depth, and custody solutions.
Bitwise's comprehensive filing strategy could serve multiple purposes beyond simple product launches. The applications establish regulatory dialogue around a broader range of digital assets, potentially smoothing the path for future approvals regardless of immediate outcomes. Financial institutions frequently use this approach to gauge regulatory appetite and refine product structures based on feedback.
The eleven-ETF submission dwarfs previous filing attempts in both scope and ambition. Traditional asset managers have typically pursued single-asset or small portfolio approaches when entering the crypto ETF market. Bitwise's simultaneous multi-asset strategy suggests confidence in both regulatory evolution and market demand for diversified crypto exposure vehicles.
Industry watchers note that approval timelines remain unpredictable. The SEC maintains rigorous standards for ETF applications, requiring extensive documentation regarding market surveillance, pricing mechanisms, and investor protection measures. Each application faces independent review, meaning approvals could arrive in waves rather than as a collective decision.
The crypto community's response to the filings has been mixed. Some view the development as validation of altcoin legitimacy within traditional finance frameworks. Others question whether regulated ETF structures can adequately capture the volatility and unique characteristics that make these assets attractive to crypto-native investors.
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Key Takeaways:
- Bitwise submitted 11 cryptocurrency ETF applications to SEC on December 30, covering diverse blockchain sectors
- Portfolio includes DeFi protocols AAVE and UNI, layer-one solutions NEAR, SUI, and STRK, plus privacy coin ZEC
- Filing represents most aggressive altcoin ETF strategy attempted, with approval timelines remaining uncertain
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Bitwise 11 Crypto ETFs Shock SEC
Bitwise files for 11 wild crypto ETFs targeting AAVE, UNI, ZEC, TAO, SUI & more with SEC. Futures strategies could pump altcoins—will approvals spark the next b