Bitwise Launches 11 Altcoin ETFs as Bitcoin Market Sees $355 Million Inflows Translation: Bitwise Launches 11 Altcoin ETFs as Bitcoin Market Sees $355 Million Inflows

Bitwise has filed an application to launch 11 exchange-traded funds (ETFs) based on altcoins.

On December 30, spot ETFs linked to the original cryptocurrency recorded a net capital influx of $355 million, ending a week of negative trends.

The top performer was the IBIT from BlackRock, which attracted $143.7 million. This was followed by ARKB from Ark Invest with $109.5 million and FBTC from Fidelity, which garnered $78.5 million. Even GBTC from Grayscale, typically facing withdrawals due to high fees, attracted $4.2 million.

Ethereum ETFs received $67.8 million, with the bulk of the inflow going to ETHE from Grayscale, totaling $50.1 million.

Spot XRP ETFs saw a total of $15.5 million in inflows, continuing a positive trend for 30 consecutive days. Since their launch, they have attracted $1.1 billion.

Investor interest remains strong in Solana-based products. During the most recent trading session, these attracted $5.2 million.

Analysts attribute the trend reversal to an improvement in global liquidity. Former BitMEX CEO Arthur Hayes noted that the dollar mass hit a bottom in November and is now on the rise.

He stated that the current market conditions are conducive to a new surge in the crypto landscape.

An expert known as Mister Crypto concurred, stating that global liquidity indicators are «trending upward,» indicating an increase in the money supply in major economies.

«We are now on the bullish side of the liquidity cycle,» he added.

Bitwise has submitted an application to the SEC for the launch of 11 «strategic» ETFs, each aimed at a specific token. The commodities include:

According to the description, up to 60% of the portfolio may be directly held in the token itself, while the remaining 40% will be invested in exchange-traded products (ETPs). The latter must either directly own a specific coin or provide synthetic access to it.

This mixed structure distinguishes the new ETFs from Bitwise’s previous products. Previously, the company offered crypto industry stock funds (such as baskets with Coinbase shares), blended indices of multiple assets, or instruments built exclusively on perpetual contracts.

It is worth noting that in early December, one of the world’s largest asset managers, Vanguard Group, opened client access to a Bitcoin ETF.