Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to trace an index break up between firms tied to stablecoins and tokenization.
According to a Tuesday submitting, the proposed ETF will monitor an index that includes firms from stablecoin issuers, infrastructure suppliers, fee processors, exchanges and retailers to regulated crypto exchange-traded merchandise (ETPs) with publicity to Bitcoin (BTC) and Ether (ETH).
The index, which is able to undergo quarterly rebalances, is break up into two equally weighted sleeves: an fairness sleeve and a crypto asset sleeve, every making up half of the fund.
The fairness sleeve will give attention to firms most straight tied to stablecoins and tokenization, whereas the crypto asset sleeve will present publicity to blockchain infrastructure that helps stablecoins and tokenization, together with blockchain oracles.
“To be eligible for inclusion within the Crypto Asset Sleeve of the Index, the Index Provider should decide, in its sole discretion, that an asset is a Crypto Asset,” the prospectus reads. The largest crypto ETP within the sleeve can be capped at 22.5%.
The fund will face competitors equivalent to Nicholas Wealth’s Crypto Income ETF (BLOX), which additionally combines equities and crypto-linked publicity.
Bitwise is a US-based crypto asset supervisor based in 2017, presently managing over 20 US-listed crypto ETFs. Cointelegraph reached out to Bitwise for remark, however the firm mentioned it can not focus on lively filings.
Related: Bitcoin to hit $1.3M by 2035 as establishments drive demand: Bitwise
Stablecoins and tokenization as investable themes
Since the US handed the GENIUS Act in July, offering a regulatory framework for stablecoins, the sector has turn out to be one of many high narratives in crypto.
Between January and early August, the stablecoin market expanded to virtually $268 billion from $205 billion, a 23% enhance over the interval. The whole market is $289.7 billion as of Tuesday, based on DefiLlama.
Alongside stablecoins, tokenized real-world belongings (RWAs) — conventional devices like bonds or credit score issued and traded on blockchains — have additionally surged in 2025, reaching about $76 billion on Friday.
Like the stablecoin growth, RWA development was boosted by a pointy coverage shift within the US after President Donald Trump’s inauguration in January. SEC Chair Paul Atkins mentioned in July that the company now views tokenization as an “innovation” to be supported.
The administration’s pro-crypto flip has additionally sparked a wave of ETF filings, starting from conventional Bitcoin (BTC) and Ether (ETH) funds to altcoin merchandise and combined methods equivalent to Bitwise’s most up-to-date proposal.
The SEC has delayed a lot of the ETF proposals till October and November for last choices. If accredited, Bitwise’s new ETF will in all probability launch in November, in accordance to Bloomberg analyst Eric Balchunas.
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