Bitwise to launch a 'prediction market ETF'…"Linked to the U.S. election, among others"

JOON HYOUNG LEE

Summary

U.S. asset manager Bitwise said it has filed an application with U.S. authorities to launch a prediction market-based exchange-traded fund (ETF) called 'PredictionShares.'
The ETF is structured to track contracts linked to U.S. midterm elections and the 2028 U.S. presidential election, among others.
Matt Hougan, CIO, said prediction markets are growing rapidly in scale and influence, and that offering clients related exposure is an opportunity that cannot be missed.

U.S. asset manager Bitwise is set to launch an exchange-traded fund (ETF) based on prediction markets.

According to Eleanor Terrett on the 18th (local time), Bitwise filed an application with U.S. authorities that day to launch the prediction market ETF. The ETF will be named 'PredictionShares.'

The ETF will track contracts linked to U.S. midterm elections and the U.S. presidential election scheduled for 2028, among others. Matt Hougan, Bitwise's chief investment officer (CIO), said, "Prediction markets are growing rapidly in terms of scale and influence," adding that "offering clients exposure to (prediction markets) is an opportunity we can't afford to miss."