Crypto asset manager Bitwise filed an application with the US Securities and Exchange Commission to introduce 11 crypto “strategy” exchange-traded funds (ETFs) including aave unswap zcash , and .
Tuesday’s N-1A filing describes an approach that includes investing up to 60% of a fund’s assets directly in the underlying token, while allocating the rest to exchange-traded products and potentially derivatives such as futures and swaps.
The SEC filing was made on the same day that Grayscale filed to convert its bittensor trust into an exchange-traded product. Barry Silbert, chairman of Grayscale, said in a post on X that the move reflects how quickly decentralized AI is evolving as one of the newest investable themes in US crypto markets.
Bittensor operates as an open network that uses crypto-economic incentives to coordinate machine learning development, reward contributors of models, and computing power with TAO. The project has attracted increasing attention as investors seek exposure to AI-related cryptoassets beyond traditional smart contract platforms.
Bitwise’s applications underscore how quickly issuers are expanding beyond bitcoin and ether following the success of spot ETFs tied to the two biggest cryptocurrencies. The firm has previously introduced spot ETFs linked to bitcoin, ether, solana and XRP and has filed additional filings linked to assets such as sui and hyperliquid.
The other tokens mentioned in the filing are , , Athens (ENA), canton coin (CC).
