Finance
What to know:
- Bitwise Asset Management, a daring knight of finance, dreams of conjuring a realm where prediction markets reign supreme over the next U.S. presidential election through the magic of ETFs.
- This brave battalion, hailing from the foggy streets of San Francisco, has summoned forth a decree to list two mystical ETFs that shall prophesy the fate of the 2028 election.
- Not to be outdone, our intrepid heroes also unveiled four similar artifacts for the 2026 mid-term skirmishes, wagering on which party shall seize the golden chalice of power in the House and Senate.
In a quest worthy of a bard’s tale, Bitwise Asset Management seeks to weave prediction markets into the very fabric of exchange-traded funds (ETFs), a venture as bold as a lion in a tutu.
Under the whimsical banner of “Prediction Shares,” this San Francisco sorcerer has filed with the Securities and Exchange Commission (SEC) for two ETFs tailored to forecast the outcomes resting on the scales of fate-one for the Democrats and one for the Republicans-like two gladiators in an arena.
But wait, there’s more! They have crafted four other enchanted items for the upcoming 2026 mid-terms, foretelling Democratic and Republican victories in the high chambers of governance.
These ETFs are akin to a magic carpet ride, allowing investors to soar into the world of political bets without ever touching the fabled land of prediction platforms like Polymarket.
Once upon a time, during the last great election saga, prediction markets emerged from the shadows, now boasting a monthly trading volume that rivals tales of gold-around $10 billion in mere mortal currency.
As ETFs have opened portals for a wider audience into the realm of crypto investment, Bitwise is on a quest to replicate this enchanting model for prediction markets, with the 2026 mid-terms serving as its enchanted playground.
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2026-02-18 19:14