Bitwise seeks SEC clearance for 11 crypto strategy ETFs tied to DeFi and Layer-1 tokens

Bitwise has applied to the SEC for approval of 11 crypto strategy ETFs that blend direct and indirect exposure to assets such as TAO, TRX, UNI, ZEC, Aave and other tokens. Each proposed fund may allocate up to 60% of its capital into the underlying cryptocurrency, with the rest in related exchange-traded products, derivatives and other instruments. The move follows rising interest in crypto ETFs, and Bitwise's leadership continues to signal a positive long-term view on Bitcoin and broader digital assets despite recent market volatility.