From AAVE to HYPE: Bitwise bets on altcoins with 11 crypto ETF filings

Digital asset supervisor Bitwise plans to develop its presence in altcoin ETFs in 2026. In line with a latest SEC submitting, the agency has utilized for 11 new U.S Spot crypto ETFs.

In line with the Bitwise technique, the funding in these altcoin ETFs will probably be cut up 60/40, the place 60% is a direct funding within the underlying asset, whereas the remaining includes derivatives and different ETPs. 

The focused crypto belongings embrace Aave [AAVE], Zcash [ZEC], Uniswap [UNI], Hyperliquid [HYPE], Sui [SUI], Starknet [STRK], Close to Protocol [NEAR], Bitensor [TAO], Ethena [ENA], Canton [CC], and TRON [TRX]. 

In 2025, the regulator greenlighted a number of altcoin ETFs, together with Solana [SOL], Ripple [XRP], Hedera [HBAR], Litecoin [LTC], Chainlink [LINK], and even a memecoin product, Dogecoin [DOGE] ETF. 

It seems that there’s nonetheless room so as to add extra and allow conventional gamers to achieve publicity within the quickly rising blockchain business. As one analyst, Chad Steingraber, summed it up, 

“2026 goes to be yr of the crypto ETF. An entire new market has simply opened as much as crypto.”

However what are the short-term to mid-term influence on the underlying belongings? 

ETFs’ influence on altcoin

Most prime crypto belongings now have at the very least demand strains, typical on-chain customers, ETFs, and company treasuries. 

Price declaring that Bitcoin [BTC] and Ethereum [ETH] benefited from institutional demand in H1 2025, driving their respective values to file highs. BTC crossed $126,000 whereas ETH almost reached $5,000 earlier than the late 2025 market rout reversed the beneficial properties. 

Nevertheless, the most recent wave of crypto ETF approvals hasn’t loved an identical value enhance regardless of attracting over $1 billion in institutional inflows. 

XRP ETFs, for instance, have attracted $1.16 billion in cumulative inflows as of thirtieth of December, but the XRP value has remained muted beneath $2.   

An identical state of affairs was noticed in U.S Spot SOL ETFs. The merchandise have skilled solely three days of web outflows since their debut in October.

Total, they’ve seen $763 million in inflows, with whole web belongings virtually reaching $ 1 billion. However SOL  declined from $195 to $124 over the identical interval. 

Supply: SoSo Worth

The remainder of the altcoin ETFs, equivalent to LINK, LTC, and HBAR, exhibited an identical pattern: rising demand however muted value motion. In truth, solely the DOGE ETF hasn’t attracted important inflows. 

Though the belongings’ costs might choose up if broader market sentiment improves, Bloomberg ETF analyst James Seyffart warned that the sector was changing into overcrowded and a shakeout was probably. 

Last Ideas

• Bitwise sought SEC approval on 11 new crypto ETFs following the regulator’s greenlight to some altcoin ETFs in 2025. 
• Nonetheless, the sturdy demand for altcoin ETFs has not boosted the costs of underlying belongings like SOL and XRP.