Asset managers Bitwise and Granitshares have submitted new filings with the U.S. SEC to launch a prediction markets ETF. This particularly comes with the upcoming midterm elections, as they appear to partake within the liquidity that comes with election betting.
Prediction Market ETF Push Grows With Bitwise, GranitShares Submitting
In a latest growth, Bitwise and GraniteShares filed with the US Securities and Trade Fee to supply funds linked to occasion contracts primarily based on the result of US elections. This comes after Roundhill had filed first.
🚨NEW: @BitwiseInvest joins @Roundhill in submitting for prediction market ETFs.
The proposed funds would monitor contracts tied to the 2028 U.S. presidential election and upcoming Home and Senate midterms.
“PredictionShares” will function a brand new Bitwise platform targeted on offering… https://t.co/vh3ki5b0PH
— Eleanor Terrett (@EleanorTerrett) February 17, 2026
The funds listed are for the 2028 U.S. presidential election and the 2026 congressional midterm elections, in addition to merchandise for whether or not Democrats or Republicans will win the presidency in 2028 and whether or not Democrats or Republicans will management the Senate and the Home in 2026. This additionally comes at a time when the development of crypto prediction markets has grown.
Bitwise filed for a brand new collection of ETFs known as PredictionShares, which consists of six prediction market-style ETFs listed on NYSE Arca.
“The fund’s funding goal is to offer capital appreciation to buyers within the occasion {that a} member of the Democratic Celebration is the winner of the US Presidential election… Within the occasion {that a} member of the Democratic Celebration shouldn’t be the winner of the 2028 Presidential election, the fund will lose considerably all of its worth,” the submitting stated.
GraniteShares additionally filed a prospectus providing six related funds with the identical construction, primarily based on the result of the US elections. The price of shares in every of those funds on a selected day is a mirrored image of the market’s likelihood of the result, starting from 0 to 1.
Bloomberg analyst James Seyffart highlighted the rising development of asset managers submitting for prediction market ETF stating that this might not be the final that may be seen.
Betting Markets Appeal to Broader Investor Participation
The $63 billion market sector has continued to achieve extra consideration from buyers amid its fast progress. Crypto companies, particularly, have begun to launch platforms to combine this, particularly with the CFTC’s constructive regulatory alerts.
In January, CoinGape reported that the Ripple crew would launch its personal prediction market on the XRPL. This might allow XRP and RLUSD buyers to work together with the real-world market. The beta platform already went reside on January 19.
So as to add, whereas asset managers search ETFs, crypto exchanges are launching their very own prediction market platform to problem Kalshi, Polymarket, and others. Final December, Gemini acquired its CFTC license to launch its personal platform. Even high US trade Coinbase has introduced plans for its betting markets platform.
