- Bitwise has filed with the SEC for a new “Stablecoin & Tokenization ETF,” a fund designed to provide exposure to companies and assets in the growing stablecoin and tokenisation sectors.
- The fund’s index will be split into two equally weighted halves: an equity sleeve of companies involved in stablecoins and tokenisation, and a crypto assets sleeve that includes exposure to Bitcoin and Ethereum ETPs and blockchain infrastructure.
Bitwise has filed with the US Securities and Exchange Commission (SEC) to launch a new product called the “Stablecoin & Tokenization ETF,” an exchange-traded fund (ETF) aimed at tracking the growth of companies and assets tied to two of the most prominent themes in digital finance: stablecoins and tokenisation.
According to the filing submitted on Tuesday, the fund will follow an index that is equally divided between two categories, or “sleeves.”
One half will focus on equities, primarily companies most directly connected to stablecoin issuance, tokenisation infrastructure, payment networks, exchanges, and retailers integrating such technologies.
The other half will provide exposure to crypto-linked investment products and infrastructure, including Bitcoin and Ethereum exchange-traded products (ETPs) and blockchain services such as oracles that underpin tokenised assets.
The index will undergo quarterly rebalancing, with rules in place to cap the weight of any single crypto ETP at 22.5%. The filing also specifies that assets included in the crypto sleeve must first be classified as “Crypto Assets” by the index provider, which retains full discretion over eligibility.
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Bitwise isn’t just one of the biggest players in the field—it manages more than 20 U.S.-listed crypto ETFs. Even so, demand for tokenisation looks too strong to overlook.
Stablecoins and tokenisation are so far the two most sought-after niches in the crypto industry by institutions. One could even say that stablecoins were the first kind of tokenised assets, as they provide investors, traders, and users a bridge between fiat and crypto.
The attractiveness of stablecoins amplified following the passage of the GENIUS Act in July, which provided regulatory clarity for dollar-backed digital assets. The bill was crucial for many crypto companies that previously led offshore business due to the hostility led by previous SEC chairman, Gary Gensler. Even Tether is eyeing a US institutional launch.
Data from DefiLlama shows the global stablecoin market grew from US$205 billion (AU$314 billion) in January to nearly US$268 billion (AU$410 billion) by early August, a 23% expansion in just seven months. As of this week, the figure stands at about US$289.7 billion (AU$443 billion).
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