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

ambcryptoPublished on 2025-12-31Last updated on 2025-12-31

Abstract

Digital asset manager Bitwise has filed with the SEC for 11 new spot altcoin ETFs, targeting assets including AAVE, HYPE, UNI, and NEAR. The proposed ETFs will follow a 60/40 investment strategy, with the majority allocated to direct asset exposure and the remainder to derivatives. This move comes after the 2025 approval of several other altcoin ETFs, such as those for SOL, XRP, and DOGE. Despite significant institutional inflows exceeding $1 billion in some cases—like XRP and SOL ETFs—the prices of the underlying assets have remained subdued, showing a disconnect between ETF demand and market performance. Analysts suggest that while 2026 may be a pivotal year for crypto ETFs, the sector risks becoming overcrowded, potentially leading to a market shakeout.

Digital asset manager Bitwise plans to expand its presence in altcoin ETFs in 2026. According to a recent SEC filing, the firm has applied for 11 new U.S Spot crypto ETFs.

According to the Bitwise strategy, the investment in these altcoin ETFs will be split 60/40, where 60% is a direct investment in the underlying asset, while the rest involves derivatives and other ETPs.

The targeted crypto assets include Aave [AAVE], Zcash [ZEC], Uniswap [UNI], Hyperliquid [HYPE], Sui [SUI], Starknet [STRK], Near Protocol [NEAR], Bitensor [TAO], Ethena [ENA], Canton [CC], and TRON [TRX].

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

It appears that there’s still room to add more and enable traditional players to gain exposure in the rapidly growing blockchain industry. As one analyst, Chad Steingraber, summed it up,

“2026 is going to be year of the crypto ETF. A whole new market has just opened up to crypto.”

But what are the short-term to mid-term impact on the underlying assets?

ETFs’ impact on altcoin

Most top crypto assets now have at least demand lines, typical on-chain users, ETFs, and corporate treasuries.

Worth pointing out that Bitcoin [BTC] and Ethereum [ETH] benefited from institutional demand in H1 2025, driving their respective values to record highs. BTC crossed $126,000 while ETH nearly reached $5,000 before the late 2025 market rout reversed the gains.

However, the latest wave of crypto ETF approvals hasn’t enjoyed a similar price boost despite attracting over $1 billion in institutional inflows.

XRP ETFs, for example, have attracted $1.16 billion in cumulative inflows as of 30th of December, yet the XRP price has remained muted below $2.

A similar scenario was observed in U.S Spot SOL ETFs. The products have experienced only three days of net outflows since their debut in October.

Overall, they have seen $763 million in inflows, with total net assets almost reaching $ 1 billion. But SOL declined from $195 to $124 over the same period.

The rest of the altcoin ETFs, such as LINK, LTC, and HBAR, exhibited a similar trend: rising demand but muted price action. In fact, only the DOGE ETF hasn’t attracted significant inflows.

Although the assets’ prices may pick up if broader market sentiment improves, Bloomberg ETF analyst James Seyffart warned that the sector was becoming overcrowded and a shakeout was likely.

Final Thoughts

Bitwise sought SEC approval on 11 new crypto ETFs following the regulator’s greenlight to some altcoin ETFs in 2025.
Still, the strong demand for altcoin ETFs has not boosted the prices of underlying assets like SOL and XRP.

Bitcoin Monthly Chart Adjustment Structure Established, HYPE Entry Opportunity Emerges | Exclusive Analysis

Bitcoin Monthly Correction Structure Confirmed, HYPE Entry Opportunity Emerges | Guest Analysis Last week's analysis correctly identified that the $60,000 level for Bitcoin was an intermediate point, not the bottom of the current correction. This was validated on June 5th when the price broke below this key support, dropping to around $59,100. The monthly-level a-b-c three-wave corrective structure from the October 2025 high of $126,200 is now fully established, with the market currently in the c-wave decline phase. The cumulative adjustment time is less than 35 days, indicating the structure is far from complete. This week's focus will be tracking the rebound's strength and resistance performance. The two key resistance zones of $65,000 and $69,500~$70,500 will be crucial observation points for determining the subsequent trend. For HYPE, last week's top warning signal was also validated, with the price falling up to 27% from its $75.87 high. The token has now entered a support zone, presenting a potential short-term entry opportunity. From a strategic standpoint, the medium-term outlook remains bearish, awaiting optimal timing to add short positions upon a rebound. **Key Trading Views Summary:** * **BTC:** The analysis maintains a bearish medium-term bias. Strategy involves building short positions on rebounds towards $65,000 or the $69,500~$70,500 resistance area. A break below the $59,000-$60,000 support could trigger additional short entries. Short-term trading (30% capital) focuses on range-bound opportunities. * **HYPE:** Following a confirmed correction from the $75.87 high, the short-term strategy shifts to "buying on dips." Consider light long positions (under 30%仓位) if the price finds support and shows stabilization signals in the $55-$57 or deeper $47-$49 support zones, contingent on confirming technical signals. The key resistance to watch is the $62.5-$64.57 area. **Risk Management Reminder:** Always set an initial stop-loss immediately upon opening a position. Move the stop-loss to breakeven upon achieving 1% profit, and subsequently trail it to lock in gains. Market conditions change rapidly; this analysis is for informational purposes only and not investment advice.

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