Bitwise Reportedly Files for U.S. Election Prediction Market ETFs

According to crypto reporter Eleanor Terrett, asset manager Bitwise has followed Roundhill in filing for exchange-traded funds tied to political prediction markets.

The proposed products would track contracts linked to the 2028 U.S. presidential election as well as upcoming House and Senate midterm races.

The filing outlines a new brand under the name “PredictionShares,” which will serve as Bitwise’s dedicated platform for offering exposure to prediction markets. The funds would provide investors with structured access to event-based contracts centered on election outcomes.

What the Proposed ETFs Would Track

The preliminary prospectus references products tied to:

• Democratic President Wins 2028 Election
• Republican President Wins 2028 Election
• Democrats Win Senate 2026 Election
• Republicans Win Senate 2026 Election
• Democrats Win House 2026 Election
• Republicans Win House 2026 Election

If approved, the ETFs would give traditional brokerage investors exposure to political event contracts through regulated fund structures rather than directly participating in prediction market platforms.

Strategic Rationale

Bitwise CIO Matt Hougan stated that prediction markets are accelerating in both scale and importance, suggesting the firm sees growing demand for structured exposure to event-driven outcomes. The move signals a broader effort to expand beyond crypto-native products and tap into alternative data-driven investment themes.

The filing is still subject to regulatory review, and the prospectus notes that the securities cannot be sold until the registration statement becomes effective.

If cleared, these products would represent one of the first attempts to bring U.S. election-linked prediction contracts into the ETF framework, potentially opening a new category of politically themed investment vehicles.

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