Bitwise Files for Election Prediction ETFs

[madtrader]

Asset manager Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission to launch a new lineup of election-focused ETFs under the brand “PredictionShares.” The proposed funds would allow investors to gain exposure to the outcomes of upcoming US elections through exchange-traded products listed on NYSE Arca.

The first two ETFs are tied to the 2028 US presidential election, paying out based on whether a Democrat or Republican wins. Additional funds focus on control of the Senate in 2026 and the House of Representatives. Each ETF will invest at least 80% of its assets in binary event contracts traded on CFTC-regulated exchanges — contracts that settle at $1 if the event occurs and $0 if it does not. If the predicted outcome fails, the fund could lose nearly all its value.

[cryptoenthusiast]

we have officially financialized democracy. congrats everyone