The Bitwise Stablecoin and Tokenization ETF is a proposed 50/50 U.S. exchange-traded fund offering equal exposure to equities of stablecoin/tokenization firms and crypto-linked traded products, targeting regulated stablecoin growth ($289.7B) and tokenized assets ($76B).
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First U.S. ETF to target stablecoins and tokenized real-world assets with a 50/50 split between equities and crypto-linked products.
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Equity sleeve: 20–30 issuers, caps at 15% for top firms; crypto sleeve: ETPs with 22.5% position caps and quarterly rebalancing.
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Market context: stablecoins ≈ $289.7B and tokenized assets ≈ $76B in 2025, boosted by regulatory clarity.
Bitwise Stablecoin and Tokenization ETF: first-of-its-kind 50/50 exposure to stablecoin issuers and tokenized assets — learn what it means for investors. Read more.
What is the Bitwise Stablecoin and Tokenization ETF?
The Bitwise Stablecoin and Tokenization ETF is a proposed actively managed 40 Act fund that would provide structured exposure to companies tied to stablecoins and to exchange-traded crypto products representing tokenized real-world assets. The ETF is designed as a 50/50 split between an equity sleeve and a crypto asset sleeve to balance issuer exposure and traded product access.
How will the ETF be structured and managed?
The fund will track Bitwise’s Stablecoin and Tokenization Index and operate as an actively managed vehicle under the Investment Company Act of 1940. The equity sleeve may hold 20–30 publicly listed firms — stablecoin issuers, payment providers, exchanges, and tokenization platforms — with a 15% cap on largest issuers to limit concentration. The crypto asset sleeve will include exchange-traded products tied to blockchain infrastructure and up to 5% allocation to oracle tokens. Each position in the crypto sleeve is capped at 22.5% and the index will be rebalanced quarterly to maintain allocation limits.
Why does this ETF matter now?
Stablecoin supply reached about $289.7 billion in 2025, up from $205 billion at the start of the year, while tokenized real-world assets rose to roughly $76 billion. Regulatory developments and public statements from officials have improved clarity, increasing institutional demand. These market shifts create a timely opportunity for a dedicated ETF that packages issuer exposure and traded product liquidity into a single, regulated vehicle.
Frequently Asked Questions
Will the ETF hold actual stablecoins?
The proposed ETF does not necessarily hold raw stablecoins. Instead, it provides exposure via equities of issuers and exchange-traded crypto products linked to stablecoin and tokenization infrastructure, balancing regulatory and custody considerations.
When could the ETF launch if approved?
Bitwise filed a prospectus on Sept. 16, and analysts suggest a potential debut by late November given the review timeline for 40 Act funds; timelines depend on SEC approval and final clearance.
How does the fund control concentration risk?
Concentration is limited by caps: equity issuers are capped at 15% for top firms; crypto product positions in the index are capped at 22.5%, with quarterly rebalances to enforce limits.
Key Takeaways
- Novel structure: A 50/50 split offers combined issuer and product exposure for balanced risk and opportunity.
- Risk controls: Position caps (15% equities, 22.5% crypto positions) and quarterly rebalancing aim to limit concentration risk.
- Market timing: Growing stablecoin supply (~$289.7B) and tokenized assets (~$76B) make this ETF timely amid clearer regulation.
Conclusion
The Bitwise Stablecoin and Tokenization ETF proposes a regulated, actively managed approach to harnessing growth in stablecoins and tokenized real-world assets. If approved, it would give investors streamlined access to issuer equities and traded crypto products within one vehicle. Watch for SEC review outcomes and further details from Bitwise as the filing progresses.
