Bitwise targets political prediction markets with new ETF filing

Bitwise Asset Management has filed regulatory documents to introduce exchange-traded funds linked to political prediction markets. The filing, dated Feb. 17, outlines plans for ETFs under a new PredictionShares brand that would allow investors to access political outcome contracts through brokerage accounts. Bloomberg ETF analyst James Seyffart disclosed the development on social media, noting the proposal remains incomplete and subject to approval. The securities cannot be offered or sold until the US Securities and Exchange Commission approves the registration statement. https://twitter.com/jseyff/status/2023879086859579741?s=46&t=nznXkss3debX8JIhNzHmzw Election outcome contracts form ETF core The first two products would pay out depending on whether a Democrat or a Republican wins the US presidential election scheduled for November 7, 2028. Two additional funds are linked to which party…