Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “ETF Stablecoin & Tokenization”, a negotiated fundraising fund designed to follow an index division between companies linked to stablecoins and tokenization.
According to a file on Tuesday, the proposed FNB will follow an index featuring companies for stablecoin issuers, infrastructure providers, payment processors, exchanges and retailers to regulate negotiated products in exchange for crypto (FTE) with an exposure to Bitcoin (BTC) and Ether (ETH).
The index, which will go through quarterly rebalancing, is divided into two rounded rounds: a capital of equity and a cryptographic active round, each composing half of the fund.
The equity sleeve will focus on the companies most directly linked to stablescoins and tokenization, while the cryptographic asset sleeve will provide an exhibition to the blockchain infrastructure which supports stablecoins and tokenization, including blockchain oracles.
https://www.youtube.com/watch?v=WVYLP9W2A
“To be eligible for inclusion in the cryptographic asset sleeve of the index, the index supplier must determine, at its sole discretion, that an asset is a cryptographic asset,” said the prospectus. The largest ETP Crypto in the Channel will be capped at 22.5%.
The fund will be faced with competition such as the Cryptographic Income FNB of Nicholas Wealth (Blox), which also combines the actions and the exposure linked to cryptography.
Bitwise is an crypto asset manager based in the United States founded in 2017, currently managing more than 20 ETF Crypto classified by the United States. Cointelegraph stretched out Bitwise to comment, but the company said that it could not discuss active deposits.
In relation: Bitcoin to reach $ 1.3 million by 2035 while institutions stimulate demand: Bitwise
Stablecoins and tokenization as investable themes
Since the United States adopted the Act on Engineering in July, providing a regulatory framework for stablescoins, the sector has become one of the best stories in crypto.
Between January and early August, the Stablescoin market increased to nearly $ 268 billion, compared to $ 205 billion, an increase of 23% compared to the period. The total market is $ 289.7 billion on Tuesday, according to Defilma.
Along with stablescoins, real tokenized assets (RWAS) – traditional instruments such as bonds or credit issued and negotiated on blockchains – also increased in 2025, reaching around $ 76 billion on Friday.
Like the boom of Stablescoin, RWA growth was stimulated by a strong change in policy in the United States after the inauguration of President Donald Trump in January. The president of the SEC, Paul Atkins, said in July that the agency now considered tokenization as an “innovation” to support.
The pro-Crypto turn of the administration also sparked a wave of ETF deposits, ranging from traditional Bitcoin (BTC) and ether (ETH) to Altcoin products and mixed strategies such as the most recent proposal in Bitwise.
The SEC delayed most of the ETF proposals until October and November for final decisions. If it is approved, the new Bitwise ETF will probably be launched in November, according to Bloomberg analyst Eric Balchunas.
Review: Can Robinhood or can Kraken tokenized stocks ever be really decentralized?