
Bitwise filed for 11 new altcoin ETFs — many with hybrid structures — naming tokens like AAVE, ZEC and TRX. This push could materially change liquidity, price discovery and custody demands as U.S. institutions gain regulated exposure.

A critical investigation comparing Bitwise’s BWOW and Grayscale’s GDOG launches, reconciling contradictory volume reports, and explaining why investor appetite is fragmenting across Dogecoin ETFs. Practical guidance for ETF‑savvy investors evaluating early altcoin ETFs and what secondary‑market liquidity might look like next.