Bitwise just filed for 11 new crypto ETFs, and the market's silence reveals a brutal new reality
Bitwise filed for 11 altcoin ETFs on Dec. 30, but markets shrugged it off as generic listing standards mean filings no longer affect prices. Bitwise's year-end pile of ETF paperwork should have been the perfect excuse for "alternative season." On December 30, the issuer filed with the US Securities and Exchange Commission to launch 11 "strategic" single-token ETFs tied to Aave, Uniswap, Zcash, NEAR, Starknet, Sui, Bittensor, Tron and other protocols. Each fund would allocate around 60% of its asse