Bitwise Doubles Down, Files for Tokenization ETF After Avalanche Proposal
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Hot on the heels of an Avalanche ETF filing, asset manager Bitwise is pitching another novel fund: the Bitwise Stablecoin & Tokenization ETF.
The proposed product aims to give investors exposure to the companies and digital assets building the plumbing for the future of finance. Analyst Eric Balchunas estimates a potential launch around Thanksgiving.
The filing taps into a major trend, as players like Coinbase and Kraken explore tokenized stock trading—a prospect that alarms traditional finance groups and promises to blur the lines between crypto and traditional markets.
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