Bitwise aims to offer prediction market ETFs for U.S. elections in 2026 and 2028
TL;DR
Bitwise Asset Management has filed with the SEC to launch prediction market ETFs for U.S. elections. The products include two ETFs for the 2028 presidential election and four for the 2026 midterms, allowing investors to bet on election outcomes through traditional investment vehicles.
Key Takeaways
- •Bitwise filed to list two ETFs tracking prediction markets for the 2028 U.S. presidential election (Democratic and Republican winners).
- •The company also listed four equivalent ETFs for the 2026 midterms covering House and Senate outcomes for both parties.
- •These ETFs will invest in prediction market bets, similar to how Bitcoin ETFs allow crypto exposure without direct ownership.
- •Bitwise aims to replicate the success of crypto ETFs by making prediction markets accessible to mainstream investors.
- •Prediction markets have grown significantly, processing around $10 billion in monthly trading volume.
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 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.
Bitwise also listed four equivalent products for 2026 mid-terms, predicting Democratic and Republican wins in the House of Representatives and the Senate.
Each ETF will invest their assets in prediction markets bets supporting the applicable outcome denoted by that fund.
The same way that a bitcoin BTC$66.683,65 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.
- Some 77% of the survey's 4,658 respondents said they would open a cryptocurrency or stablecoin wallet within their banking or fintech app if one were available.
- A survey commissioned by crypto exchange Coinbase and stablecoin infrastructure provider BVNK also found that 71% of users would use a stablecoin-linked debit card to spend the fiat-linked tokens.
- Stablecoin users on average hold 35% of their annual earnings in such tokens, and 73% of freelancers and contractors reported an improvement in their ability to work with international clients thanks to stablecoins.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.