Bitwise Asset Management wants to offer a market prediction for the upcoming US presidential election through exchange-traded funds (ETFs).
Under the brand name “Prediction Shares,” the San Francisco-based crypto asset manager filed an application to list two ETFs that track prediction markets betting on the outcome of the 2028 election, one for a Democratic winner and one for a Republican, with the Securities and Exchange Commission (SEC) on Tuesday.
Bitwise also listed four equivalent products for the 2026 midterm elections, predicting Democratic and Republican victories in the House of Representatives and the Senate.
Each ETF will invest its assets in prediction market bets that support 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 recent US elections and now process trading volumes of around $10 billion monthly.
Since ETFs have also opened the door to cryptocurrency investing for a broader range of potential investors, including institutions, Bitwise appears to be attempting to replicate this model for prediction markets, with the 2026 interim timeframes as a testbed.
