Bitwise submits stablecoin and tokenized ETF application documents to the US SEC

PANews reported on September 17 that according to The Block's plunge, asset management company Bitwise submitted a prospectus for "Bitwise stablecoins and tokenized ETFs" on Tuesday. According to the filing, if the fund is approved by the Securities and Exchange Commission (SEC), it will "provide investors with access to assets that are expected to benefit from the growing popularity of stablecoins and tokenization, as well as fundamental changes in the way financial assets trade and settlement." Bitwise stablecoins and tokenized ETFs may be launched around the end of November (around Thanksgiving), Bloomberg senior ETF analyst Eric Balchunas said.