Bitwise’s Bold Move: ETFs to Bet on Future Political Drama

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So, you know how everyone is obsessed with reality TV? Well, folks, get ready for the political version! Global crypto asset manager Bitwise, the financial equivalent of that friend who always has a wild scheme going on, has filed to launch PredictionShares ETFs to track the U.S. election results of 2028. Because what’s more thrilling than watching elections unfold like a soap opera?

This filing reveals plans for not one, not two, but six (yes, six!) separate ETFs tied to the outcomes of major U.S. elections. Talk about a political portfolio!

Bitwise Files PredictionShares ETFs

On February 17th-mark your calendars, this is the day Bitwise decided to jump into the future- they submitted a prospectus for six prediction-market ETFs under their fancy new PredictionShares brand. These gems will make their debut on NYSE Arca. Why? Because why wouldn’t you want your investments to be part of the big leagues?

The lineup includes funds that are basically betting on whether America will choose a Democratic or Republican candidate in 2028, and which party will take control of the Senate and House in 2026. It’s like a game of political chess but with real money at stake!

  • Two funds will be all about tracking who gets to sit in the presidential chair come November 2028.
  • Another two will focus on the Senate’s fate in November 2026, while the last pair will monitor the power struggle in the House of Representatives.

The filing confirms that each PredictionShares ETF will work like a classic exchange-traded fund, designed to deliver returns based on the oh-so-dramatic outcomes of U.S. elections. Think of it as a financial thriller!

Prediction Market ETF Structure Uses Binary Event Contracts

Now, according to the prospectus, each Bitwise PredictionShares ETF will invest at least 80% of its net assets in binary event contracts traded on Commodity Futures Trading Commission (CFTC) regulated exchanges. It’s like betting on a coin flip, but with slightly more paperwork. If the predicted political outcome happens, the contract pays out $1. If not? Well, better luck next time, it settles at $0. A real nail-biter!

Bitwise’s Chief Investment Officer, Matt Hougan, claims that prediction markets are exploding faster than a TikTok trend. He says they’re becoming crucial in global finance. Who knew politics could be so lucrative?

The company views these prediction market ETFs as a golden opportunity for investors looking for unique strategies. Because what’s more unique than gambling on elections?

Other ETF Issuers Joining Bitwise

And guess what? Bitwise isn’t the only one playing this political game. GraniteShares also filed on February 17 for six similar ETFs, because imitation is the sincerest form of flattery, right? Their proposed funds have almost the same structure, focusing on those thrilling political event contracts.

This flurry of filings comes right after Roundhill jumped in with their own election-based prediction-market ETFs, proving that everyone wants a piece of this action. It’s like a political buffet!

Roundhill just filed for a bunch of ETFs that track prediction markets for political elections. Using event contracts. Potentially groundbreaking. If this goes through wow opens up huge door to all kinds of stuff. Ht ⁦@Todd_Sohn⁩

– Eric Balchunas (@EricBalchunas) February 13, 2026

But hold your horses! The SEC hasn’t given a thumbs-up to any of these products yet. If they do, we could see a whole new category of investment ETFs linked to the rollercoaster that is U.S. election results. Buckle up, folks!

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2026-02-18 09:17