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