Bitwise’s year-end barrage of ETF paperwork should have been a perfect spark for “alt season.” On Dec. 30, the issuer filed with the US Securities and Exchange Commission to launch 11 single-token “strategy” ETFs tied to Aave, Uniswap, Zcash, NEAR, Starknet, Sui, Bittensor, Tron, and other protocols.
Each fund would allocate about 60% of its assets to the underlying coin and the rest to related ETPs and derivatives, with an expected effective date in March 2026.
However, crypto prices and flows barely registered the news. That gap is where a market is now showing ETF filing fatigue.
The 11 new Bitwise products land on top of a crowded 2025 pipeline. Grayscale has already filed for a Bittensor ETF, adding to a roster of spot funds for Bitcoin, Ethereum, Solana, XRP, Dogecoin, and Chainlink.
Generic listing standards, approved by the SEC in September, now let exchanges list…
