Bitwise Files for Combined Stablecoin & Tokenization ETF
Bitwise Asset Management has filed with the US Securities and Exchange Commission to launch a combined Stablecoin ETF and Tokenization ETF. The fund will track the Bitwise Stablecoin and Tokenization Index, split between an equity sleeve and a crypto sleeve. The equity sleeve holds stocks of public firms issuing stablecoins, providing tokenization services, payment processing and blockchain infrastructure. The crypto sleeve invests in regulated ETPs covering Bitcoin (BTC), Ethereum (ETH), blockchain oracles and network infrastructure, with no single position exceeding 22.5%. The filing follows the 2025 GENIUS Act, which established reserve, audit and AML standards for stablecoins, and highlights surging stablecoin circulation and real-world asset tokenization. Registered under the Investment Company Act of 1940, the ETF will be rebalanced quarterly. If approved, Bitwise could launch the fund around November 2025. This proposal may attract institutional and retail inflows and deepens the integration of Stablecoin ETF and Tokenization ETF products into mainstream finance.
Bullish
The filing of a combined Stablecoin ETF and Tokenization ETF by Bitwise signals increasing institutional acceptance of regulated crypto products, which is likely to drive fresh capital into digital asset markets. In the short term, the announcement may boost sentiment for Bitcoin, Ethereum and other tokens included in the crypto sleeve, as traders anticipate inflows from new ETF vehicles. Over the long term, quarterly rebalancing and compliance under the Investment Company Act of 1940, along with clear stablecoin standards from the GENIUS Act, enhance market stability and transparency, underpinning sustained demand and deeper integration of crypto assets into mainstream portfolios.