Bitwise submits stablecoin and tokenized ETF applications, which may be launched at the end of November

Odaily Planet Daily News Asset Management Company Bitwise has submitted a Bitwise Stablecoin & Tokenization ETF application to the SEC, intending to invest in assets that benefit from stablecoins and tokenization development. The ETF is allegedly likely to be launched around Thanksgiving at the end of November. The move follows the AVAX ETF S-1 file submitted yesterday and is also one of the encrypted ETF proposals intensively submitted by many institutions recently. SEC Chairman Paul Atkins has said he will focus on tokenized securities, and the Federal Reserve plans to hold a relevant meeting next month. (The Block)