Bitwise Proposes Stablecoin and Tokenization ETF for Thanksgiving Launch
- Bitwise filed a prospectus on Sept. 16 for a stablecoin and tokenization ETF structured as a 40 Act fund.
- The fund aims to launch around Thanksgiving, tracking the Bitwise Stablecoin and Tokenization Index.
- It will allocate up to 50% in companies involved with stablecoins, including issuers and payment processors.
- Companies face tiered weight restrictions based on their stablecoin business exposure, with caps of up to 15% for Tier 1 firms.
- The ETF reserves up to 5% for oracle tokens that link blockchains to external systems.
This filing reflects increasing institutional interest in the tokenization of real-world assets, particularly as stablecoins have reached a supply of $287 billion. The fund will rebalance quarterly and primarily focus on information technology companies.
With $15 billion in crypto assets managed by Bitwise, the proposed ETF represents a significant step in capturing market growth in stablecoins and tokenization sectors.
