Bitwise files for stablecoins and tokenized ETFs

Bitwise has filed an application for "stablecoins and tokenized ETFs" with the U.S. Securities and Exchange Commission (SEC) to track an index that equally allocates stocks and crypto assets pegged to stablecoins and tokenization. Analysts expect that the ETF may be approved 11 months ago given the busy period of decision-making for cryptocurrency ETFs. Additionally, REX-Osprey will launch its first U.S. spot Ripple ETF (XRPR) and the first meme coin Dogecoin ETF (DOJE) under the 1940 Act this week, which allows automatic approval after 75 days of review.