Bitwise Asset Management wants to offer a prediction markets for the next U.S. presidential election through exchange-traded funds (ETFs).
Under “Prediction Shares” branding, the San Francisco-based crypto asset manager filed to list two ETFs tracking prediction markets betting on the outcome of the 2028 election — one for a Democratic winner, one for Republican — with the Securities and Exchange Commission (SEC) on Tuesday.
Bitwise also listed four equivalent products for 2026 mid-terms, predicting Democratic and Republican wins in the House of Representatives and the Senate.
Each ETFs will invest their assets in prediction markets bets supporting the applicable outcome denoted by that fund.
The same way that a bitcoin $BTC$67,271.38 ETF allows investors to invest in $BTC without purchasing the underlying cryptocurrency, these ETFs will allow users to bet on the outcome of U.S. elections without using a prediction platform like Polymarket.
Prediction markets came to prominence during the last U.S. election and now process trading volumes of around $10 billion monthly.
With ETFs also having opened the door to crypto investment for a wider array of prospective investors including institutions, Bitwise appears to trying to replicate this model for prediction markets, with the 2026 mid-terms as its testbed.