Bitwise files for six U.S. election prediction market ETFs

Bitwise files U.S. election ETFs

Bitwise Asset Management has filed with the United States Securities and Exchange Commission for new exchange-traded funds, or ETFs. These funds reference outcomes of United States elections instead of traditional financial indexes or baskets of shares.

Six PredictionShares funds and targets

The filing describes six products under the PredictionShares brand. Two funds track which political party wins the 2028 United States presidential election, while four funds track party control of the House of Representatives and the Senate after the 2026 congressional elections.

Use of binary event contracts

Each proposed fund is structured to hold binary event contracts, which are financial contracts that pay a fixed amount if a defined event happens. Reports state that at least eighty percent of each fund’s assets would sit in such contracts listed on exchanges supervised by the United States Commodity Futures Trading Commission, rather than in shares or bonds.

Access through regular brokerage accounts

The PredictionShares products aim to give investors regulated access to election-linked contracts through standard brokerage accounts. Instead of using online prediction platforms, investors would buy and sell fund shares like any other ETF on a stock exchange.

Status of filings and next steps

The SEC must still review and decide on the Bitwise applications before any trading can start. The filings only describe proposed funds, so launch timing and final terms depend on the regulator’s response and possible amendments.