Bitwise Files for 11 Altcoin ETFs Focusing on AAVE, UNI, SUI, More

Bitwise’s papers include DeFi, layer-1s, privacy coins and AI-linked tokens, indicating a broad bet on demand for altcoins.

Asset manager Bitwise has filed applications for 11 new single-asset cryptocurrency exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC).

This batch focuses on major altcoins including Aave (AAVE), Uniswap (UNI) and Sui (SUI), signaling a direct challenge to the current regulatory boundaries that have largely limited ETF approvals to Bitcoin, Ethereum and, more recently, Solana and XRP.

Bitwise takes a closer look at Altcoin ETFs

According to the documents, the proposed products will be under the Bitwise Funds Trust and trade on NYSE Arca if approved. The setup includes strategy ETFs focused on AAVE, UNI, Zcash (ZEC), Near (NEAR), SUI, Tron (TRX), Starknet (STRK), Ethena (ENA), Bittensor (TAO), Hyperliquid (HYPE) and the Canton Network’s CC token.

The prospectus outlined a consistent structure for the funds. Each ETF plans to hold up to 60% of its assets directly in the underlying token, while at least 40% would come from exchange-traded products, futures or swaps that track the same assets. In some cases, exposure can be managed through offshore subsidiaries, a structure already familiar to commodity and crypto-linked funds.

ETF analyst Eric Balchunas responded to the deposits, writing on Industry accounts like ETF Hearsay too marked March 16, 2026 is the tentative effective date, although fees and tickers remain undecided.

The breadth of filings is notable because while previous cycles focused almost entirely on Bitcoin and later Ethereum, Bitwise is now focusing on decentralized finance, layer 1 networks, privacy coins, and even AI-linked crypto via TAO, reflecting changing investor interest.

A busy and competitive landscape

Bitwise has made its move at a time when crypto ETFs outside of Bitcoin are already showing mixed but telling results. For example, spot Solana ETFs, which launched in October, had attracted more than $750 million in net inflows by mid-December, according to recent CoinShares data.

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Analysts noted that investors appear willing to hold these products due to volatile price movements, indicating longer-term positioning rather than short-term trading.

Meanwhile, Ripple-linked ETFs have gone even further. If CryptoPotato previously reported, US-listed XRP ETFs have recorded more than $1 billion in cumulative inflows without a single day of net withdrawals, outperforming Bitcoin, Ethereum and Solana funds over the same period.

For now, the documents indicate growing confidence among asset managers that investor demand extends well beyond the largest cryptocurrencies and that the ETF market could soon reflect this shift, pending the SEC’s response.