Bitwise Aims for Thanksgiving Launch with Game-Changing Stablecoin and Tokenization ETF Filing

Wall Street meets crypto in Bitwise's latest power move—filing for a dual-focused ETF that targets both stablecoins and tokenization. The proposed fund could hit markets by Thanksgiving, just in time for investors to diversify their portfolios between turkey courses.

Why This Matters Now

Tokenization's not some far-off future tech—it's rewriting how assets move, trade, and settle. And stablecoins? They’re the rails. Bitwise’s filing signals that institutional players are done waiting on the sidelines.

Behind the Timing

A Thanksgiving launch isn’t arbitrary. It’s strategic. Q4 liquidity, year-end portfolio rebalancing, and a symbolic nod to a season of gathering—and gaining. Bitwise knows crypto winters end; positioning matters most when others hesitate.

Cynical Finance Jab

Because nothing says 'innovation' like repackaging existing concepts into an ETF—and charging a fee for the privilege.

Final Take

This isn’t just another fund. It’s a bet on infrastructure. On the convergence of TradFi clarity and crypto speed. Watch this space—if the SEC plays ball, Thanksgiving might just serve more than turkey.

Tiered restrictions

Companies face tiered weight restrictions based on business exposure levels. Tier 1 firms with substantial stablecoin business receive 15% caps, Tier 2 companies with material exposure get 8% limits, and Tier 3 entities with limited involvement face 3% restrictions.

The fund selects 20 companies from the top two tiers and, if necessary, adds up to 10 Tier 3 companies. The crypto asset sleeve invests in exchange-traded products that provide blockchain infrastructure exposure. The assets must represent at least 1% market share in stablecoins or tokenization.

The fund reserves 5% for oracle tokens that connect blockchains to external systems, with the largest constituent capped at 22.5% of the index. The fund rebalances quarterly and concentrates primarily in information technology companies.

The preliminary filing does not disclose management fees. As of Sept. 16, Bitwise operated $15 billion in crypto assets across 30 investment products, including spot Bitcoin and ethereum ETFs.

Fast-tracking approval through the 40 Act

Bloomberg senior ETF analyst Eric Balchunas noted that the prospectus filing used the Investment Company Act of 1940.

The 40 Act filings typically face shorter regulatory review periods, potentially allowing launches within months rather than years, which is why Balchunas’ prediction regarding a short approval window is plausible.

The structure mirrors filings from REX-Osprey, such as their Dogecoin and XRP ETFs set to launch this week, along with products tied to TRUMP, BONK, and Bitcoin.

The filing reflects companies trying to capture the growing institutional interest in the tokenization of real-world assets. This includes stablecoins, which recently reached $287 billion in supply.