Bitwise And GraniteShares File Election Prediction ETFs

Bitwise has filed a prospectus for a new lineup called PredictionShares, a group of six prediction-market-style ETFs planned for listing on NYSE Arca. The funds come in three pairs: two that will pay out if either a Democrat or a Republican wins the U.S. presidential election in November 2028, two tied to which party wins the Senate in November 2026, and two tied to control of the House.

The prospectus states a fund's objective is to provide capital appreciation in the event a member of the Democratic Party wins the presidential election on November 7, 2028. Each fund will invest at least 80% of its net assets in binary event contracts, political prediction market derivatives traded on CFTC-regulated exchanges that settle at 1 dollar if the referenced outcome occurs and 0 if it does not.

The prospectus also notes that if the referenced outcome does not occur, the fund can lose substantially all of its value. ETF issuer GraniteShares filed a prospectus offering six similar funds with the same structure.

United States

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