Bitwise Files for 11 New Strategy ETFs Targeting AAVE, ZEC, and TAO Tokens

Asset manager Bitwise has submitted filings with the U.S. Securities and Exchange Commission (SEC) for 11 new "strategy" exchange-traded funds (ETFs). These proposed ETFs are designed to track specific investment strategies rather than a broad market index, with a focus on individual crypto tokens. The filings indicate that the funds will provide exposure to a selection of digital assets, including decentralized finance (DeFi) token AAVE, privacy-focused coin ZEC (Zcash), and artificial intelligence blockchain token TAO (Bittensor). This move by Bitwise, a prominent issuer of crypto-focused investment products, signals a significant expansion of its ETF lineup and reflects growing institutional demand for targeted cryptocurrency investment vehicles. The approval of these strategy ETFs could offer investors new, regulated avenues to gain exposure to specific crypto sectors and narratives.