Bitwise Asset Management wants to offer market prediction for the upcoming US presidential election via exchange-traded funds (ETFs).
Branded as “Prediction Shares,” the San Francisco-based crypto asset manager on Tuesday filed with the Securities and Exchange Commission (SEC) a list of two ETFs tracking prediction markets betting on the outcome of the 2028 election – one for a Democratic winner, one for a Republican.
Bitwise also listed four equivalent products for the 2026 midterms, predicting Democratic and Republican victories in the House of Representatives and the Senate.
Each ETF will invest its assets in predictive bets on the markets supporting the applicable outcome indicated by that fund.
In the same way as a bitcoin ETFs allow investors to invest in BTC without purchasing the underlying cryptocurrency, these ETFs will allow users to bet on the outcome of the US elections without using a prediction platform like Polymarket.
Prediction markets rose to prominence during the last US elections and now handle trading volumes of around $10 billion per month.
As ETFs have also opened the door to crypto investing for a wider range of potential investors, including institutions, Bitwise appears to be trying to replicate this model for prediction markets, with the 2026 midterms as a testing ground.
