Bitwise files for 11 'strategy' ETFs, tracking tokens including AAVE, ZEC, TAO

Bitwise has filed for 11 strategy ETFs that will track tokens such as AAVE, ZEC, and TAO. These ETFs aim to invest both directly and indirectly in the tokens, providing a new means of access to the cryptocurrency market for institutional and retail investors. This move may increase liquidity in the crypto space. Bitwise has previously launched products targeting cryptocurrencies, and these ETFs are expected to adopt diverse strategies to manage risk while pursuing returns. The objective is to maximize the performance of each token based on rich market data and analysis. Furthermore, the introduction of these products may lead to greater mainstream acceptance of cryptocurrencies, potentially elevating their status similarly to other investment products. This news is particularly significant in the cryptocurrency sector, where the introduction of ETFs is viewed as a positive signal for the market as a whole, encouraging broader participation in this asset class.