Bitwise moved to register 11 strategy-based ETFs linked to cryptocurrencies such as AAVE, ZEC, and TAO.

Crypto asset manager Bitwise has submitted filings to the U.S. Securities and Exchange Commission seeking approval to launch 11 crypto “strategy” exchange-traded funds (ETFs), targeting digital assets including Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Sui (SUI) and Bittensor’s TAO.

The N-1A filings, made Tuesday, outline a framework that would allow the funds to allocate up to 60% of assets directly to the underlying token, with the balance invested in exchange-traded products and, where applicable, derivatives such as futures and swaps.

Bitwise’s move came as Grayscale filed to convert its Bittensor trust into an exchange-traded product. Grayscale chairman Barry Silbert said in a post on X that the application highlights the rapid evolution of decentralized artificial intelligence as one of the newest investable themes in U.S. crypto markets.

Bittensor is an open network that uses crypto-economic incentives to coordinate machine-learning development, rewarding contributors of models and computing power with TAO. The protocol has attracted growing interest as investors look for AI-linked crypto exposure beyond traditional smart-contract platforms.

The filings underscore how ETF issuers are widening their focus beyond bitcoin and ether following the success of spot ETFs tied to the two largest cryptocurrencies. Bitwise already offers spot ETFs linked to bitcoin, ether, solana and XRP, and has filed additional proposals tied to assets such as Sui and Hyperliquid.