Altcoin ETF Targets: AAVE, UNI, SUI Filed

What to Know:

• Bitwise has filed for 11 new single-asset cryptocurrency ETFs, targeting a range of altcoins, including DeFi and AI-linked tokens.
• The filings signal confidence in growing investor demand beyond Bitcoin and Ethereum, reflecting a potential shift in the ETF market.
• The approval of these ETFs could significantly impact liquidity across various altcoins, including those related to XRP, by providing new avenues for institutional investment.

Asset manager Bitwise is expanding its ambitions in the cryptocurrency ETF space with recent filings for 11 new single-asset cryptocurrency ETFs with the U.S. Securities and Exchange Commission (SEC). This move aims to challenge the existing regulatory landscape, which has primarily approved ETFs focused on Bitcoin, Ethereum, and, more recently, Solana and XRP. The proposed ETFs target a diverse array of altcoins, signaling a broad bet on the increasing demand for these assets.

Bitwise’s Altcoin ETF Expansion

The proposed ETFs, to be listed under the Bitwise Funds Trust and traded on NYSE Arca, include ETFs focused on Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Near (NEAR), Sui (SUI), Tron (TRX), Starknet (STRK), Ethena (ENA), Bittensor (TAO), Hyperliquid (HYPE), and the Canton Network’s CC token. Each ETF intends to hold up to 60% of its assets directly in the underlying token, with the remaining portion in exchange-traded products, futures, or swaps tracking the same asset. Some funds may also use offshore subsidiaries to manage exposure.

Market Reaction and Tentative Timelines

Industry observers, including ETF analysts, have noted the rapid pace at which issuers are attempting to establish a first-mover advantage in the altcoin ETF market. While the fees and tickers for these ETFs are yet to be determined, the tentative effective date for these filings is projected to be March 16, 2026.

Broader Implications for the Crypto Market

Bitwise’s focus extends beyond traditional cryptocurrencies, encompassing decentralized finance (DeFi), layer-1 networks, privacy coins, and AI-linked crypto like TAO. This broad approach reflects a growing investor interest in a wider range of digital assets.

Competitive Landscape and ETF Performance

The move by Bitwise comes amid mixed results from existing crypto ETFs outside of Bitcoin. Spot Solana ETFs, for example, have attracted significant inflows since their launch. Ripple-linked ETFs have also demonstrated strong performance, recording substantial inflows without significant withdrawals, outperforming Bitcoin, Ethereum, and Solana funds during the same period.

Looking Ahead

These filings indicate a growing confidence among asset managers that investor demand is expanding beyond the largest cryptocurrencies. The ETF market may soon reflect this shift, pending regulatory approval from the SEC. The approval of these ETFs could bring increased liquidity and institutional interest to a broader range of digital assets, potentially benefiting the entire crypto market.

Related: XRP Targets New ATH: Crypto News Highlights

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