The expected wave of ETF trading in the U.S. in October has begun, albeit with delays due to the government shutdown.
Following Bitcoin (BTC) and Ethereum (ETH), altcoin ETFs such as Solana (SOL), XRP, and Litecoin have also been launched, and applications for new ETFs continue.
At this point, the latest application was provided by Bitwise.
Bitwise has filed an application with the US Securities and Exchange Commission (SEC) to list a total of 11 new altcoin ETFs, including AAVE and UNI.
Bitwise’s applications include AAVE, Uniswap (UNI), ZCash (ZEC), Canton (CC), Ethena (ENA), Hyperliquid (HYPE), NEAR, Starknet (STRK), Sui (SUI), Bittensor (TAO), and Tron (TRX).
The proposed ETF will invest 60% of its assets directly in spot cryptocurrencies, with the remainder allocated to exchange-traded products (ETPs) that invest in related assets.
The Fund may also use derivative instruments to adjust investment risk.
*This is not investment advice.