Bitwise Submits Filing for Election-Based ETF

Asset manager Bitwise has filed for a new group of prediction market-style ETFs under the PredictionShares brand, joining Roundhill in the race to bring these event-linked funds to market. The proposed ETFs would let investors gain regulated exposure to binary contracts tied to outcomes of the 2028 U.S. presidential election and the 2026 Congressional midterms, with payouts based on each specific result. Bitwise says the move responds to growing interest in prediction markets and aims to expand access through traditional brokerage accounts. Approval from regulators is still pending.