Bitwise Files With SEC For Stablecoin And Tokenization ETF

Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission for its Bitwise Stablecoin & Tokenization ETF. The fund aims to provide exposure to companies and crypto assets driving the adoption of stablecoins and tokenized finance.

The ETF will track the Bitwise Stablecoin & Tokenization Index, allocating at least 80% of its assets across two segments. An equity sleeve will target up to 20 major firms involved in stablecoin issuance, tokenization infrastructure, and payment processing. A crypto asset sleeve will hold exchange-traded products and oracles supporting blockchain infrastructure, with capped weightings to limit concentration risk.

The filing follows Bitwise's recent application for an Avalanche-focused ETF, signaling an aggressive expansion of its crypto product lineup. Bloomberg analyst Eric Balchunas suggests a potential launch by Thanksgiving if approved. Regulatory momentum appears favorable, with the Federal Reserve scheduled to host a conference on tokenized finance next month.