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Under "Prediction Shares" branding, Bitwise submitted a proposal to list two ETFs that track prediction markets focused on the results of the 2028 presidential election.
Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)
Key details:
- Bitwise Asset Management aims to provide a prediction market for the upcoming U.S. presidential election through ETFs.
- The crypto asset management firm based in San Francisco has filed to introduce two ETFs that track prediction markets wagering on the outcome of the 2028 election.
- Additionally, Bitwise has launched four corresponding products for the 2026 mid-term elections, forecasting victories for both Democratic and Republican parties in the House of Representatives and the Senate.
In this article
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Bitwise Asset Management aims to provide a prediction market for the upcoming U.S. presidential election through exchange-traded funds (ETFs).
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Under the “Prediction Shares” branding, the San Francisco-based asset manager has submitted a filing to the Securities and Exchange Commission (SEC) to list two ETFs that track prediction markets betting on the results of the 2028 election — one for a Democratic victory and the other for a Republican win — as of Tuesday.
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Bitwise has also introduced four corresponding products for the 2026 mid-term elections, predicting victories for both the Democratic and Republican parties in the House and Senate.
Each ETF will allocate its investments in prediction market wagers that endorse the specific outcome represented by that fund.
Similar to how a bitcoin ETF permits investors to invest in BTC without acquiring the actual cryptocurrency, these ETFs will enable participants to wager on the outcomes of U.S. elections without relying on a prediction platform like Polymarket.
Prediction markets gained visibility during the previous U.S. election, currently processing trading volumes of approximately $10 billion monthly.
With ETFs having also opened avenues for crypto investment for a broader range of potential investors, including institutions, Bitwise seems to be attempting to replicate this framework for prediction markets, using the 2026 mid-terms as a pilot.
