Bitwise Asset Management has filed applications for 11 new cryptocurrency exchange-traded funds (ETFs), signaling renewed institutional confidence in digital assets as regulatory pathways slowly open in major markets.
According to regulatory filings reported on December 31, the proposed ETFs would track a range of crypto-related assets and protocols, including Uniswap (UNI), Sui (SUI), Near Protocol (NEAR), and several other blockchain ecosystems. The move represents one of the most aggressive expansion efforts by a single asset manager in the crypto ETF space to date.
The filings come at a time when crypto markets are regaining momentum after a volatile year marked by tighter monetary conditions and heightened regulatory scrutiny. Analysts say Bitwise’s strategy reflects growing demand from investors seeking regulated exposure to specific blockchain networks rather than broad-based crypto products alone.
Uniswap, a leading decentralized exchange protocol, and Near Protocol, known for its focus on scalability and developer-friendly infrastructure, have both seen increased adoption in decentralized finance and Web3 applications. Sui, a newer Layer-1 blockchain, has attracted attention for its performance claims and backing from former Meta engineers. By targeting these assets individually, Bitwise appears to be betting on differentiated growth across blockchain ecosystems rather than a one-size-fits-all crypto thesis.
While the filings do not guarantee approval, they add to a growing list of crypto ETF proposals under review by regulators. Market watchers note that approval timelines remain uncertain, as authorities continue to balance investor protection concerns with rising institutional interest in digital assets.
If approved, the ETFs could broaden access to crypto markets for traditional investors, particularly those restricted from holding tokens directly. They could also intensify competition among asset managers racing to establish first-mover advantage in niche crypto investment products.
For now, the market is watching closely to see whether regulators will greenlight the next wave of crypto ETFs, a decision that could further shape the role of digital assets in mainstream finance.
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