Bitwise, GraniteShares join race for prediction market-style ETFs

Two more ETF issuers have filed prospectuses for six US election prediction market ETFs, allowing investors to gain exposure to election outcomes.

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 House.

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