Bitwise Seeks US SEC Nod for Stablecoin ETF
The post Bitwise Seeks US SEC Nod for Stablecoin ETF appeared on BitcoinEthereumNews.com. Key Insights: Bitwise Asset Management has filed with the SEC to launch what could be the first U.S. ETF focused on stablecoin and tokenized real-world assets. The proposed fund splits investments evenly between stocks in companies involved in these areas and crypto-related exchange-traded products. This comes amid a favorable regulatory shift in the US, including the GENIUS Act, which has helped boost stablecoin supply to around $287 billion. Bitwise Asset Management has filed with the US Securities and Exchange Commission to launch what may become the nation’s first exchange-traded fund focused on stablecoin and tokenized real-world assets. Meanwhile, the move taps into a sector that’s ballooned amid fresh regulatory tailwinds, with stablecoin supplies now topping $287 billion. The San Francisco-based firm, which oversees more than $15 billion in assets, submitted its prospectus on Monday for the Bitwise Stablecoin & Tokenization ETF. Bitwise’s Trailblazing Effort in Stablecoin Sector The fund, if receives approval, would trade on the NYSE Arca and aim to mirror a custom index crafted by a Bitwise affiliate. Meanwhile, it would focus on companies and products riding the wave of stablecoin growth and asset tokenization. Bitwise Files for Stablecoin & Tokenization ETF | Source: US SEC However, this isn’t a run-of-the-mill crypto play. Bitwise is pitching it as a gateway for traditional investors to dip into blockchain without the wild swings often associated with Bitcoin or Ether. The stablecoin ETF would split its holdings 50-50 between equities in firms linked to these trends and crypto-focused exchange-traded products. However, it would dodge direct ownership of digital coins or derivatives. Think of it as a balanced bet. For context, the stock side would hold shares in 20 to 30 companies, sorted into tiers based on how deeply they’re entangled in stablecoins or tokenization. Meanwhile, top-tier players get up to 15%…
The post Bitwise Seeks US SEC Nod for Stablecoin ETF appeared on BitcoinEthereumNews.com.
Key Insights: Bitwise Asset Management has filed with the SEC to launch what could be the first U.S. ETF focused on stablecoin and tokenized real-world assets. The proposed fund splits investments evenly between stocks in companies involved in these areas and crypto-related exchange-traded products. This comes amid a favorable regulatory shift in the US, including the GENIUS Act, which has helped boost stablecoin supply to around $287 billion. Bitwise Asset Management has filed with the US Securities and Exchange Commission to launch what may become the nation’s first exchange-traded fund focused on stablecoin and tokenized real-world assets. Meanwhile, the move taps into a sector that’s ballooned amid fresh regulatory tailwinds, with stablecoin supplies now topping $287 billion. The San Francisco-based firm, which oversees more than $15 billion in assets, submitted its prospectus on Monday for the Bitwise Stablecoin & Tokenization ETF. Bitwise’s Trailblazing Effort in Stablecoin Sector The fund, if receives approval, would trade on the NYSE Arca and aim to mirror a custom index crafted by a Bitwise affiliate. Meanwhile, it would focus on companies and products riding the wave of stablecoin growth and asset tokenization. Bitwise Files for Stablecoin & Tokenization ETF | Source: US SEC However, this isn’t a run-of-the-mill crypto play. Bitwise is pitching it as a gateway for traditional investors to dip into blockchain without the wild swings often associated with Bitcoin or Ether. The stablecoin ETF would split its holdings 50-50 between equities in firms linked to these trends and crypto-focused exchange-traded products. However, it would dodge direct ownership of digital coins or derivatives. Think of it as a balanced bet. For context, the stock side would hold shares in 20 to 30 companies, sorted into tiers based on how deeply they’re entangled in stablecoins or tokenization. Meanwhile, top-tier players get up to 15%…
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