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Bitwise and GraniteShares Seek SEC Approval for Election Outcome ETFs

Bitwise and GraniteShares Seek SEC Approval for Election Outcome ETFs

Bitwise’s latest SEC filing outlines six PredictionShares ETFs investing in prediction markets for 2028 presidential and 2026 congressional elections, reflecting growing interest in regulated event-based investment products.

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Fact Check
Multiple credible news reports and regulatory oversight summaries consistently state that Bitwise and GraniteShares have submitted applications to the U.S. Securities and Exchange Commission for exchange-traded funds tied to political prediction markets and election outcomes. The information comes from reputable industry and financial media outlets, as well as summaries of relevant regulatory filings, indicating direct SEC involvement. The coverage is consistent across independent sources—such as Casino.org, Bitget.com, and Crypto.news—each explicitly mentioning both asset managers, the act of filing, and the election-related nature of the ETFs. Although one regulatory summary does not explicitly mention Bitwise or GraniteShares, this absence does not contradict the other sources and is likely due to scope rather than refutation. There is no evidence from credible sources directly disputing the claim, and the convergence of details across multiple high-authority, high-relevance sources makes it highly probable that the statement is accurate.
Summary

Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission to list six PredictionShares exchange-traded funds tied to U.S. election outcomes. Two ETFs will track prediction markets for the 2028 presidential election — one for a Democratic win and one for a Republican win — while four will target the 2026 midterm elections, predicting Democratic or Republican control of the House of Representatives and the Senate. Each ETF will invest assets in prediction markets bets supporting its stated outcome, mirroring the way Bitcoin ETFs offer exposure without direct asset ownership. Prediction markets process about $10 billion monthly in trades, and Bitwise is seeking to replicate the wider adoption ETFs brought to crypto investing. GraniteShares has also filed for similar products to trade on NYSE Arca.

Terms & Concepts
  • Prediction-Market ETF: An exchange-traded fund designed to provide returns based on the outcome of specific events, such as political elections.
  • Exchange-Traded Fund (ETF): A type of investment fund traded on stock exchanges, holding assets such as stocks, commodities, or other financial products.
  • Prediction Markets: Platforms where participants trade contracts based on the outcome of future events, with prices reflecting the probability of those outcomes.