Bitwise has applied for 11 Crypto Strategy ETFs.

Bitwise's New Cryptocurrency ETF Application

Bitwise has applied to the SEC for cryptocurrency ETFs. The company plans to introduce a total of 11 new strategy ETFs. These ETFs will track digital assets such as AAVE, UNI, and ZEC.

It is anticipated that the planned ETFs will invest 60% of their assets in core tokens. The remaining 40% will be evaluated in exchange-traded products and derivatives. This application coincides with Grayscale's decision to convert its Bittensor Trust into an exchange-traded product. The rise of decentralized artificial intelligence supports these steps.