Bitwise files application for stablecoin and tokenized ETF

Source
JH Kim

Summary

  • Bitwise said it submitted an application for stablecoin and tokenized ETFs.
  • Eric Balchunas said the ETF could be launched as early as around Thanksgiving this year.
  • He reported that, depending on the application and launch prospects, investment interest in stablecoins and tokenization-related assets is being highlighted.

On the 16th (local time), Eric Balchunas, a Bloomberg ETF analyst, said on X (formerly Twitter) "Bitwise has submitted an application for stablecoin and tokenized exchange-traded funds (ETFs)."

He predicted the ETF could be launched as early as around Thanksgiving this year.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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