Bitwise, GraniteShares join race for prediction market-style ETFs

• Bitwise files prospectus for six prediction‑market ETFs, branded PredictionShares, in the U.S. • Funds pay out if Democrats or Republicans win presidential, Senate, or House races. • Each ETF invests ≥80% in binary event contracts settled at $1 or $0. • GraniteShares files similar prospectus for six matching prediction‑market ETFs in the U.S. • ETF share price reflects market’s implied probability, fluctuating with polls and news. • Investors can choose party‑specific ETFs, betting on election outcomes via regulated derivatives.

Article Summaries:

• Exchange-traded fund issuers Bitwise and GraniteShares have filed with the US Securities and Exchange Commission to launch funds tied to event contracts on the outcome of US elections. Bitwise filed a prospectus on Tuesday for a new lineup of ETFs branded PredictionShares, comprising six prediction-market-style ETFs listed on NYSE Arca. The first two funds will pay out if either a Democrat or a Republican wins the U.S. presidential election in November 2028. The next two will pay out if either Democrats or Republicans win the Senate in November 2026, and the final two if either party wins the

Sources:

• https://cointelegraph.com/news/bitwise-graniteshares-join-roundhill-filing-prediction-market-style-etfs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound