Bitwise Files for Prediction Market ETFs for US Elections
Bitwise has submitted filings for two new Exchange Traded Funds (ETFs) designed to track prediction markets focused on US presidential election outcomes in 2026 and 2028, under the "Prediction Shares" brand.
Bitwise Asset Management has taken a significant step towards offering investors exposure to the outcomes of US political events. The firm has filed with the Securities and Exchange Commission (SEC) for the creation of two new Exchange Traded Funds (ETFs) that will track prediction markets.
These proposed ETFs, to be marketed under the "Prediction Shares" brand, are specifically designed to provide investment opportunities tied to the results of the 2026 and 2028 US presidential elections. Investors would gain exposure to the collective market sentiment and forecasts derived from these prediction platforms.
The filing indicates a strategic move by Bitwise to bridge traditional finance with novel market indicators. By enabling investment in ETFs that reflect prediction market activity, the firm aims to offer a unique avenue for engaging with political forecasting.
This initiative by Bitwise represents a growing trend of financial institutions exploring innovative asset classes and data sources. Offering ETFs linked to prediction markets could provide a new way for individuals to speculate on or hedge against political event outcomes, potentially bringing greater liquidity and transparency to these markets.
Originally reported by CoinDesk.