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Bitwise and GraniteShares File for Six Prediction-Market ETFs on NYSE Arca

Bitwise and GraniteShares File for Six Prediction-Market ETFs on NYSE Arca

Bitwise expands its PredictionShares ETF lineup to cover 2028 presidential and 2026 congressional election outcomes, aiming to replicate crypto ETF accessibility for political prediction markets.

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Fact Check
The most relevant and authoritative primary source directly reports that Bitwise and GraniteShares have indeed submitted filings for prediction-market ETFs to the SEC and intend to list them on NYSE Arca. The article specifies that these filings are similar to other political prediction-market ETF proposals and are pending regulatory approval, which strongly supports the statement's core claim. Other available sources are either irrelevant or do not pertain to prediction-market ETFs, but there is no contradictory evidence suggesting that the filings did not occur. While the exact number 'six' is not explicitly confirmed in the single relevant source, the detailed direct coverage of filings from both issuers makes it highly probable the statement is accurate overall. The absence of contradictions combined with direct reportage leads to a high confidence in the 'likely_true' assessment.
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Summary

Bitwise Asset Management has filed with the U.S. SEC to list six PredictionShares ETFs on NYSE Arca, targeting outcomes of the 2028 presidential race and 2026 mid-term elections. Two ETFs will track prediction markets for Democratic or Republican victories in the presidential election, while four will forecast party control of the House and Senate. Each product will invest in prediction market bets aligned with its stated outcome. The approach mirrors Bitcoin ETFs, granting investors exposure without direct use of platforms like Polymarket. Prediction markets currently process about $10 billion in monthly trading volume. Bitwise's filings also align with efforts by NYSE, whose president Lynn Martin announced plans to develop tokenization technology for potential 24/7 trading of tokenized stocks and ETFs.

Terms & Concepts
  • Exchange-Traded Fund (ETF): A regulated investment fund traded on exchanges that seeks to track or provide exposure to a specific asset, index, or strategy.
  • Prediction Market: A market where participants trade contracts based on the outcome of future events, often used for forecasting probabilities.
  • Tokenization: The process of converting ownership rights to an asset into a digital token on a blockchain, enabling easier transfer and potential 24/7 trading.