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Bitwise Files for ETF Focused on Stablecoins and Blockchain

Key Takeaways

  • ​Bitwise has filed to launch a new ETF that combines companies and crypto products linked to stablecoins and tokenization;
  • The ETF will split investments between traditional equities and regulated crypto asset products like Bitcoin and Ethereum ETPs;
  • To maintain balance, the fund’s index will be rebalanced quarterly, and no single crypto product can exceed 22.5% of the crypto asset share.

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Bitwise Files for ETF Focused on Stablecoins and Blockchain

Bitwise, a digital asset manager based in the United States, has submitted a request to the US Securities and Exchange Commission (SEC) to create a new exchange-traded fund (ETF).

This fund, named the "Stablecoin & Tokenization ETF", is designed to reflect the performance of an index that includes traditional companies and cryptocurrency-related products involved in stablecoins and tokenization.

The ETF will rely on a two-part structure, with half of its holdings made up of stocks and the other half focused on crypto asset products. The equity side will include firms involved in various parts of the stablecoin and tokenization sectors.

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These may include payment firms, infrastructure providers, trading platforms, and companies that issue or support stablecoins.

The crypto asset portion will focus on regulated products that track digital currencies and related technology. These products may provide indirect access to cryptocurrencies such as Bitcoin BTC $115,828.96 and Ethereum ETH $4,496.58 , as well as other blockchain tools that support the tokenization process, including oracle systems that supply external data to smart contracts.

To maintain a balanced fund, the index will be reviewed and adjusted quarterly. No single crypto-linked product in the fund can take up more than 22.5% of the digital asset section.

Recently, Bitwise research analyst Danny Nelson suggested that Pokémon cards might be the next real-world assets to move onto the blockchain. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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