Bitwise aims to offer prediction market ETFs for U.S. elections in 2026 and 2028
Analysis
Price Impact
LowWhile the news concerns etfs, they are tied to prediction markets for u.s. elections (2026/2028), not directly to cryptocurrency spot or futures. however, bitwise, a prominent crypto asset manager, expanding its product offerings signals continued innovation and institutional engagement in financial products that often parallel or leverage digital asset concepts. this provides a subtle, indirect positive sentiment to the broader crypto market.
Trustworthiness
HighThe information is based on an official filing by bitwise asset management with the sec, reported by coindesk, a reputable crypto news source.
Price Direction
NeutralThere is no direct correlation to immediate crypto price movements. the development points to an expansion of financial products by a key player in the crypto etf space, which can contribute to long-term market legitimacy and diversification of investment avenues, but won't trigger short-term price changes for any specific crypto asset.
Time Effect
LongThe etfs are aimed at 2026 mid-terms and 2028 presidential elections. any positive spillover effect on general crypto sentiment from such institutional innovation would be gradual and long-term.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitwise aims to offer prediction market ETFs for U.S. elections in 2026 and 2028 Under "Prediction Shares" branding, Bitwise filed to list two ETFs tracking prediction markets betting on the outcome of the 2028 presidential election. By Jamie Crawley | Edited by Stephen Alpher Feb 18, 2026, 3:59 p.m. Make us preferred on Google Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives) What to know : Bitwise Asset Management wants to offer a prediction markets for the next U.S. presidential election through ETFs. The San Francisco-based crypto asset manager filed to list two ETFs tracking prediction markets betting on the outcome of the 2028 election. Bitwise also listed four equivalent products for 2026 mid-terms, predicting Democratic and Republican wins in the House of Representatives and the Senate. Bitwise Asset Management wants to offer a prediction markets for the next U.S. presidential election through exchange-traded funds (ETFs). Under "Prediction Shares" branding, the San Francisco-based crypto asset manager filed to list two ETFs tracking prediction markets betting on the outcome of the 2028 election — one for a Democratic winner, one for Republican — with the Securities and Exchange Commission (SEC) on Tuesday . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Bitwise also listed four equivalent products for 2026 mid-terms, predicting Democratic and Republican wins in the House of Representatives and the Senate. Each ETFs will invest their assets in prediction markets bets supporting the applicable outcome denoted by that fund. The same way that a bitcoin BTC $ 68,168.18 ETF allows investors to invest in BTC without purchasing the underlying cryptocurrency, these ETFs will allow users to bet on the outcome of U.S. elections without using a prediction platform like Polymarket. Prediction markets came to prominence during the last U.S. election and now process trading volumes of around $10 billion monthly . With ETFs also having opened the door to crypto investment for a wider array of prospective investors including institutions , Bitwise appears to trying to replicate this model for prediction markets, with the 2026 mid-terms as its testbed. Bitwise Prediction Markets ETFs More For You Zoomex: Precise Systems of Fairness and Transparency by Design By CoinDesk Jan 31, 2026 Commissioned by Zoomex Read full story More For You Tokenized pre-IPO shares topic ignites legal debate at Consensus Hong Kong 2026 By Olivier Acuna | Edited by Stephen Alpher 53 minutes ago Ultan Miller touts a blockchain-based pre-IPO index, while critics warn unauthorized equity tokenization risks legal and investor fallout. What to know : Hecto Finance aims to build a tokenized index of pre-IPO "Hectocorn" companies like OpenAI, SpaceX and ByteDance, giving public investors on-chain exposure to elite private firms. Supporters say such tokenization could broaden access to high-growth private markets, but critics warn that doing so without issuer consent risks legal uncertainty, weak investor protections and reputational damage. The clash between Hecto’s vision and concerns raised by industry figures, alongside episodes like Robinhood’s disputed OpenAI tokens, underscores how tokenized private equity is outpacing regulatory clarity and corporate buy-in. Read full story Latest Crypto News Bitcoin's plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes 45 minutes ago Hyperliquid starts DeFi lobbying group with $29 million token backing 53 minutes ago Tokenized pre-IPO shares topic ignites legal debate at Consensus Hong Kong 2026 53 minutes ago Canary lists spot SUI ETF with staking rewards 1 hour ago CoinDesk 20 performance update: Aptos (APT) declines 3%, leading index lower 1 hour ago American crypto holders are scared and confused about this year’s new IRS tax rules 2 hours ago Top Stories XRP Ledger rolls out members-only DEX for regulated institutions 3 hours ago From 2016 hack to $150M Endowment: the DAO’s second act focuses on Ethereum security 3 hours ago Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum 4 hours ago Peter Thiel's Founders Fund dumps every ETHZilla share 9 hours ago Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality 9 hours ago Bitcoin losing $70,000 is a warning sign for further downside 8 hours ago In this article BTC BTC $ 68,168.18 ◢ 0.05 %