Bitwise Asset Management wants to offer a prediction of markets for the next US presidential election through exchange-traded funds (ETFs).
Under the “Prediction Shares” branding, the San Francisco-based crypto asset manager filed a listing of two ETFs that track prediction markets betting on the outcome of the 2028 election — one for a Democratic winner, one for a Republican — with the Securities and Exchange Commission (SEC) on Tuesday.
Bitwise also listed four equivalent products for the 2026 midterms, predicting Democratic and Republican victories in the House and Senate.
Each ETF will invest its assets in predictable market bets that support the relevant performance indicated by that fund.
In the same way as a bitcoin ETF allows investors to invest in BTC without buying the underlying cryptocurrency, these ETFs will allow users to bet on the outcome of US elections without using a prediction platform like Polymarket.
The prediction markets rose to prominence during the recent US election and now process trading volumes of around $10 billion per month.
As ETFs have also opened the door to crypto investing to a wider range of potential investors, including institutions, Bitwise appears to be trying to replicate this model for prediction markets with the 2026 midterm period as the test bed.
