Bitwise and GraniteShares have applied to the SEC to launch an election prediction market ETF.

DeepFlowTech · 2026-02-18T04:57:29+00:00

Bitwise and GraniteShares have applied to the U.S. Securities and Exchange Commission to launch ETFs based on the results of the U.S. elections, covering 6 products, with plans to list on the NYSE. This move intensifies market competition and reflects the ongoing trend of financial products becoming more ETF-like.

DeepFlowTech

2026-02-18 04:57:29

Abstract generation in progress

Deep Tide TechFlow News, February 18 — According to Cointelegraph, ETF issuers Bitwise and GraniteShares respectively submitted prospectuses to the U.S. Securities and Exchange Commission (SEC) on Tuesday to launch prediction market-style ETFs linked to the outcome of the U.S. elections, each covering six products.

The series of ETFs under Bitwise is named PredictionShares and plans to be listed on NYSE Arca. The six funds correspond to the 2028 presidential election, the 2026 Senate and House elections, with two funds for each election representing the Democratic and Republican parties. Each fund will allocate at least 80% of its net assets to binary event contracts, which are traded on exchanges regulated by the CFTC. If the preset outcome occurs, the settlement price is $1; otherwise, it is $0. The prospectus submitted by GraniteShares has the same structure.

Bloomberg ETF analyst James Seyffart commented, “The trend of financialization and ETFization of everything continues.”

Previously, on February 14, Roundhill submitted a similar structured application, and the entries of Bitwise and GraniteShares further intensify competition in this sector.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.