TechFlow News, February 18: According to Cointelegraph, ETF issuers Bitwise and GraniteShares each filed prospectuses with the U.S. Securities and Exchange Commission (SEC) on Tuesday to launch prediction-market-style ETFs tied to the outcomes of the U.S. presidential election, with six products each.
Bitwise’s ETF series is branded PredictionShares and is planned for listing on NYSE Arca. The six funds correspond respectively to the 2028 U.S. presidential election and the 2026 U.S. Senate and House of Representatives elections—two funds per election, one for the Democratic Party and one for the Republican Party. Each fund will invest at least 80% of its net assets in binary event contracts traded on Commodity Futures Trading Commission (CFTC)-regulated exchanges; these contracts settle at $1 if the predefined outcome occurs, and $0 otherwise. GraniteShares’ prospectus follows an identical structure.
James Seyffart, Bloomberg ETF analyst, commented: “The trend toward financialization—and ETF-ification—of everything continues.”
Earlier, Roundhill filed a similarly structured application on February 14; Bitwise’s and GraniteShares’ entries further intensify competition in this space.
