Bitwise Asset Management has filed an application with the US Securities and Exchange Commission (SEC) to launch its latest product — the Stablecoin & Tokenization ETF. The proposed fund is designed to give investors direct exposure to two of the fastest-growing sectors in crypto: stablecoins and tokenized real-world assets (RWAs).
Structure of the Proposed ETF
According to the filing, the ETF will track an index split into two sleeves:
- Equity Sleeve (50%) – focused on companies most directly tied to stablecoins and tokenization. This includes issuers, infrastructure providers, payment processors, exchanges, and retailers.
- Crypto Asset Sleeve (50%) – offering exposure to blockchain infrastructure and regulated exchange-traded products (ETPs) with Bitcoin (BTC) and Ether (ETH) exposure. The largest crypto ETP allocation will be capped at 22.5%.
The index will undergo quarterly rebalancing to reflect changing market conditions and innovation in the sector.
Stablecoins and Tokenization: A Booming Market
Stablecoins have become one of the most important narratives in crypto following the passage of the GENIUS Act in July 2025, which established a regulatory framework for dollar-backed tokens.
- Between January and August 2025, the stablecoin market grew 23%, rising from $205 billion to $268 billion.
- As of mid-September, the total market capitalization stands at $289.7 billion (DefiLlama).
Meanwhile, tokenized real-world assets (RWAs) — such as on-chain bonds, credit instruments, and treasuries — have seen explosive adoption. The market reached $76 billion in 2025, driven by institutional adoption and clearer US regulations.
The new Bitwise ETF would join a competitive field, including products like Nicholas Wealth’s Crypto Income ETF (BLOX), which combines equities and crypto exposure. However, Bitwise’s offering stands out for its dedicated focus on stablecoins and tokenization.
The move follows a broader policy shift under the Trump administration, with SEC Chair Paul Atkins emphasizing tokenization as an “innovation to be supported.” This favorable regulatory environment has triggered a wave of ETF filings across Bitcoin, Ether, altcoins, and mixed strategies.
The SEC has delayed most ETF decisions until October and November 2025. If approved, the Bitwise Stablecoin & Tokenization ETF could launch as early as November, offering investors a structured way to gain exposure to two of the fastest-growing sectors in digital assets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.