Bitwise submits new application to the SEC for ETF based on stablecoins and asset token

The application occurs a day after the company proposed the creation of an ETF Avax spot. In this new case, the Fund will track stable and active active world that could be tokenized in Blockchain.

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• Bitwise It presents a proposal for an ETF focused on stablecoins and tokenization before the Sec.
• The fund seeks to capitalize on the growing interest in digital assets and changes in financial liquidation.
• Analysts foresee possible launch around the end of November.

Bitwise, The Cryptocurrency Specialized Asset Company submitted a request before the United States Stock Exchange and Securities Commission (SEC) A request to create a new contribution quoted in the stock market (ETF) focused on stablecoins and asset token. The movement occurs in a context of growing interest on the part of institutional investors in the integration of traditional products with technology Blockchain.

The proposal, called Bitwise Stablecoin & Tokenization ETF, It seeks to offer exposure to assets with potential to benefit from the massive use of Stablecoins and the advancement of tokenization. According to the document sent to the Sec, The objective is to capture the impulse generated by the changes in the way in which financial assets are exchanged and liquidated throughout the world.

This new plan adds to other recent initiatives of Bitwise, including a request submitted yesterday for an ETF Avax, The native token of the network Avalanche The firm is expanding its portfolio of products focused on cryptocurrencies and digital assets, reflecting its commitment to the growth of this sector.

The senior analyst of Bloomberg, Eric Balchunas, said in a post in X that this fund could be launched around Thanksgiving in the United States. “Bitwise with a new application for ETF of Stablcoins and Tokenization, with a combination of crypto actions and assets that would benefit from these trends. It is a 40 ACT, so it probably launches around Thanksgiving”wrote.

Regulatory context and emerging competition

The token of financial assets – which converts traditional instruments such as actions, bonds or real estate into digital representations in Blockchain— He has aroused the interest of large crypto platforms. Coinbase and Kraken, For example, they have shown intentions to launch tokenized actions if they obtain regulatory approval. This could put them in direct competition with traditional stockbroops, transforming the way values ​​are negotiated.

However, the proposal also faces resistance. Various associations of financial companies have expressed objections on the implementation of these models in the regulated market. The result of this discussion will be key to defining the framework in which future tokenized financial products will operate.

The president of the Sec, Paul Atkins, has stated that he plans to focus his management on tokenized values ​​and asked the agency staff to offer “Regulatory relief when appropriate” so that Americans do not stay behind in this development. For its part, the Federal Reserve (Fed) He announced that he will carry out a conference on Stablecoins based business models next month and about the tokenization of financial products and services, which shows the growing interest of regulators in this area.

Risks and opportunities of the regulatory framework

In your presentation, Bitwise He acknowledged that the regulatory environment for tokenized assets “It evolves quickly” and that could lack the necessary clarity to guarantee property rights or the ability to transfer tokens safely. This lack of definition could represent risks for investors interested in these products.

Even so, the signature considers that the tendency towards tokenization is irreversible and that regulators will eventually establish lighter rules. If achieved, this could boost the growth of a new financial market that combines the security of the traditional system with the efficiency of technology Blockchain.

One more step towards the integration of crypto and traditional finance

The ETF proposed by Bitwise It reflects the point of convergence between traditional finances and the crypto ecosystem. For investors, it represents a regulated route to gain exposure to emerging sectors without having to directly manage cryptocurrencies or tokens on digital platforms.

This hybrid approach, which combines shares of companies linked to the sector and strategic digital assets, could become a reference model for other funds that seek to capitalize on the same trend. If you obtain approval, it would mark a milestone in the institutional adoption of tokenization and stablecoins as central instruments of the digital financial system.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

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