Bitwise Asset Management, a prominent U.S.-based firm specializing in digital assets, has filed a request with the Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF).
The proposed fund, known as the “Stablecoin & Tokenization ETF”, aims to track the performance of an index comprising both traditional corporations and crypto assets associated with stablecoins and tokenization technologies.
The planned ETF will operate with a hybrid approach, allocating approximately 50% of its assets to equity investments and the other 50% to crypto-related products. The equity component will consist of companies involved in various facets of the stablecoin and tokenization industries.
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These firms could include payment processors, infrastructure developers, trading platforms, and organizations that issue or facilitate stablecoins.
The cryptocurrency asset allocation will concentrate on regulated products providing exposure to digital currencies and associated blockchain technologies. These investment vehicles might offer indirect exposure to cryptocurrencies like Bitcoin
To ensure a well-balanced portfolio, the index will be re-evaluated and rebalanced on a quarterly basis. The composition of digital asset products within the fund will be managed so that no single holding exceeds 22.5% of the total digital asset allocation.
In related news, Bitwise analyst Danny Nelson recently speculated that Pokémon trading cards could be the next category of real-world assets to migrate to blockchain technology. Curious? Dive into the complete article here.