- Bitwise Asset Management is a leading cryptocurrency-focused asset management firm.
- It is based in California, US with branch offices in New York and London.
- Founded in 2017 Bitwise manages over 20 U.S.-listed crypto ETFs.
Bitwise’s stablecoin appetite seems to be on the rise and the firm has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF).
“Bitwise Stablecoin & Tokenization ETF” focuses on stablecoins and tokenization and capitalizes on the growing demand for blockchain-based assets.
Recent regulatory clarity in the U.S with the passing of the U.S. GENIUS Act in July 2025 has also helped.
The ETF will track an index evenly divided between two segments:
- An equity sleeve
This comprises companies directly involved in stablecoins and tokenization, such as issuers, payment processors, and infrastructure providers.
- Crypto asset sleeve
This offers exposure to blockchain infrastructure, including oracles and regulated crypto exchange-traded products (ETPs) tied to Bitcoin ($117,036) and Ether ($4,511).
The index will undergo quarterly rebalancing to maintain its 50-50 allocation, with the largest crypto ETP capped at 22.5% of the crypto sleeve.
The Timing of Bitwise’s Stablecoin Filing
Bitwise’s filing comes amid a surge in stablecoin and tokenized real-world asset (RWA) markets.
This as mentioned before is driven by the new regulatory framework for stablecoins with the Genius Act.
The U.S stablecoin market has grown 23% this year, reaching $289.7 billion.
Tokenized RWAs, such as bonds and credit issued on blockchains, have also soared to $76 billion.
Most of this is attributed to the “pro-crypto” stance and policy changes brought in by President Donald Trump.
Meanwhile, supportive comments from EC Chair Paul Atkins have also helped.
The SEC is expected to rule on Bitwise’s proposal by November, 2025.