Bitwise Information For Stablecoin And Tokenization ETF

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Strongest Narratives In Crypto SEC Streamlines Crypto ETP Approvals Crypto ETPs Will Nonetheless Want Demand To Succeed Associated Articles:

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Bitwise has filed for a stablecoin and tokenization ETF after predicting that new Securities and Trade Fee (SEC) itemizing guidelines may unleash a “flood’’ of crypto funds.

The proposed ETF (exchange-traded fund), referred to as Bitwise Stablecoin & Tokenization ETF, will monitor an index of stablecoin issuers, infrastructure corporations, exchanges, cost processors, and controlled crypto ETPs (exchange-traded merchandise with Bitcoin and Ethereum publicity), according to a submitting.

It is going to be break up evenly between equities tied to stablecoins and tokenization, and crypto property. The most important crypto ETP within the crypto asset sleeve can be capped at 22.5%, in accordance with the proposed fund’s prospectus.

Bitwise says the submitting positions it for progress as stablecoins and tokenization develop into dominant crypto themes, fueled by regulatory readability and rising adoption beneath the GENIUS Act.

“The adoption of generic itemizing requirements — which may come as early as October — will seemingly usher in a ton of recent crypto ETPs,” mentioned Bitwise chief funding officer Matt Hougan in a Sept. 15 report.

What affect will Generic Itemizing Requirements have on the crypto ETP area?
This is what occurred when the SEC handed the “ETF Rule” in late-2019, which created Generic Itemizing Requirements for conventional ETFs: The tempo of ETF launches rose from ~117/yr to ~370/yr.
Anticipate the… pic.twitter.com/acVRLLt8fw
— Matt Hougan (@Matt_Hougan) September 16, 2025

Strongest Narratives In Crypto

The Bitwise ETF seeks to capitalize on two of the strongest narratives in crypto.

Stablecoins have boomed this yr, with the catalyst for this rise being the GENIUS Act that was signed into legislation by US President Donald Trump. It supplies a transparent regulatory framework for each home and overseas stablecoin corporations trying to challenge their tokens within the US.

Between January and August, the market cap for the stablecoin sector surged 23% to $268 million, in accordance with DefiLlama.

Bitwise Information For Stablecoin And Tokenization ETF

Stablecoin market cap (Supply: DefiLlama)

Together with stablecoins, tokenization, which includes creating tokenized variations of property resembling actual property or conventional monetary devices like bonds or credit score on the blockchain, has additionally been one of many strongest narratives out there this yr.

The overall worth of tokenized real-world property (RWAs) not too long ago surged to round $76 billion, after additionally benefiting from the pro-crypto insurance policies launched by the Trump Administration in current months.

Including to the sector’s momentum, SEC Chair Paul Atkins mentioned in July that the company now views tokenization as an innovation that must be supported.

SEC Streamlines Crypto ETP Approvals

The regulator has additionally began streamlining the approval course of for crypto ETPs, a growth Bitwise says could set off a tsunami of recent choices.

Presently, the SEC critiques spot crypto ETFs on a case-by case foundation. Issuers are additionally required to file detailed proposals, which should present the regulator that the asset being tracked by the fund has sufficient liquidity and that it is usually proof against manipulation.

That evaluation course of can take as much as 240 days, and doesn’t assure that functions can be accredited.

Hougan believes that beneath a brand new course of that the SEC is engaged on, functions can be “nearly assured” in the event that they meet exact necessities. This new course of may even be rather a lot faster, and will see functions accredited in 75 days, he mentioned.

Crypto ETPs Will Nonetheless Want Demand To Succeed

However Hougan warned that the potential surge in crypto ETP choices won’t essentially result in elevated demand for digital property.

“The mere existence of a crypto ETP doesn’t assure vital inflows,” he mentioned, including that there may even must be a “elementary curiosity within the underlying asset.”

Hougan predicted that merchandise tied to some cryptos, like Bitcoin Money for instance, “may have a tough time attracting flows until the asset itself finds new life.”

Regardless, the Bitwise govt nonetheless believes that the funding merchandise can be completely positioned to rally when “fundamentals begin to flip.”