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Bitwise has filed for a stablecoin and tokenization ETF after predicting that new Securities and Exchange Commission (SEC) listing rules could unleash a “flood’’ of crypto funds. The proposed ETF (exchange-traded fund), called Bitwise Stablecoin & Tokenization ETF, will track an index of stablecoin issuers, infrastructure firms, exchanges, payment processors, and regulated crypto ETPs (exchange-traded products with Bitcoin and Ethereum exposure), a ccording to a filing . It will be split evenly between equities tied to stablecoins and tokenization, and crypto assets.  The largest crypto ETP in the crypto asset sleeve will be capped at 22.5%, according to the proposed fund’s prospectus. Bitwise says the filing positions it for growth as stablecoins and tokenization become dominant crypto themes, fueled by regulatory clarity and rising adoption under the GENIUS Act. “The adoption of generic listing standards — which could come as early as O...

The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin” Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million Bitwise has filed a proposal with US regulators to launch a new exchange-traded fund (ETF) to invest in publicly traded companies that hold substantial Bitcoin reserves. Under the Bitwise Bitcoin Standard Corporations ETF, the ETF issuer would invest in businesses that “hold at least 1,000 Bitcoin in its corporate treasury,” according to a December 26 filing with the US Securities and Exchange Commission (SEC). To further qualify to be included in the ETF, companies need to have a market capitalization of at least $100 million, an average daily liquidity of $1 million or more, and a public free float o...

JUST IN – The SEC officially acknowledges Bitwise's spot #Bitcoin ETF application pic.twitter.com/XXWOybjYxb — Bitcoin Magazine (@BitcoinMagazine) July 13, 2023 Significance of SEC’s Acknowledgement The SEC ’s acknowledgment of the Bitwise spot Bitcoin ETF application is crucial for the cryptocurrency industry because it moves the potential of a regulated Bitcoin ETF closer to reality. Over the past few years, several Bitcoin ETF proposals have been submitted to the markets regulator, but they have faced repeated rejections due to concerns about market manipulation and custody of the underlying assets. The current recognition implies that the regulator considers the Bitwise spot Bitcoin ETF application to be sufficiently complete and worthy of further consideration. However, it is important to note that the SEC has not yet approved the ETF.  The regulator will now initiate a formal review process, which includes a thorough examination of the proposal an...