PANews reported on February 18th that, according to Cointelegraph, ETF issuers Bitwise and GraniteShares have filed applications with the U.S. Securities and Exchange Commission to launch event-driven exchange-traded funds (ETFs) linked to the outcome of the U.S. presidential election. They plan to launch six ETFs on the NYSE Arca using a prediction market model. These funds will track the party affiliations of the 2028 presidential election and the 2026 Senate and House elections, respectively. If the Democrats or Republicans win, the corresponding funds will see capital gains; if they fail to win, the funds will "essentially lose all value."